SBG to Raise Additional Term B Loans and Amend Certain Terms


News Release

Contact: Chris Ripley, CFO
Lucy Rutishauser, SVP Corporate Finance & Treasurer
(410) 568-1500

Sinclair to Raise Additional Term B Loans and Amend Certain Terms

BALTIMORE (April 3, 2015) – Sinclair Broadcast Group, Inc. (”Sinclair” or the “Company”)
(Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc.
(“STG”), intends to raise new incremental term B loans and amend certain terms under its existing
bank credit facility.
Sinclair is seeking $350 million of new incremental term B loans, maturing July 2021. The term B
loans are expected to be used to repay the existing revolver outstanding and to support general
corporate purposes. In connection with the financing, Sinclair will also seek to amend certain terms to
add operating flexibility.
Sinclair Broadcast Group, Inc. is the largest and one of the most diversified television broadcasting
companies with affiliations with all the major networks. Sinclair’s television group has 375 channels in
79 markets. The Company regularly uses its website as a key source of Company information which
can be accessed at
Forward-Looking Statements:
The matters discussed in this press release include forward-looking statements regarding, among
other things, future operating results. When used, the words “outlook,” “intends to,” believes,”
“anticipates,” “expects,” “achieves,” and similar expressions are intended to identify forward-looking
statements and information. Such forward-looking information is subject to a number of risks and
uncertainties. Actual results in the future could differ materially and adversely from those set forth in
the forward-looking information as a result of various important factors, including and in addition to
the assumptions set forth therein, but not limited to, STG’s ability to consummate the proposed
refinancing, STG’s ability to obtain the necessary approvals to close on pending acquisitions, the
impact of changes in national and regional economies, the volatility in the U.S. and global economies
and financial credit markets which impact our ability to forecast or refinance our indebtedness as its
comes due, successful execution of outsourcing agreements, pricing and demand fluctuations in local
and national advertising, volatility in programming costs, the market acceptance of new programming,
the CW Television and MyNetworkTV programming, our news share strategy, our local sales
initiatives, the execution of retransmission consent agreements, our ability to identify and consummate
investments in attractive non-television assets and to achieve anticipated returns on those investments
once consummated, and any risk factors set forth in the Company’s recent reports on Form 8-K, Form
10-Q and/or Form 10-K, as filed with the Securities and Exchange Commission. There can be no
assurance that the assumptions and other factors referred to will occur. The Company undertakes no
obligation to update such forward-looking information in the future except as required by law.