In connection with its $9.6 billion pending and previously announced acquisition of a regional sports networks business from The Walt Disney Company, Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that its indirect wholly-owned subsidiary, Diamond Sports Group, LLC, intends to raise $3.3 billion of term B loans due 2026. Diamond Sports Intermediate Holdings, LLC, Diamond's direct parent, and all of Holdings' direct and indirect wholly-owned domestic subsidiaries (other than Diamond) will initially guarantee the RSN Term Loans. In addition, Sinclair's wholly-owned subsidiary, Sinclair Television Group, Inc., intends to raise $700 million of incremental term B loans due 2026 and amend certain terms under its existing bank credit facility to introduce additional operating flexibility.

The net proceeds of the RSN Term Loans and the STG Term Loans will be used to fund a portion of the purchase price for the RSN acquisition.

Sinclair is one of the largest and most diversified television broadcasting companies in the country. The Company owns, operates and/or provides services to 191 television stations in 89 markets. Sinclair is a leading local news provider dedicated to impactful journalism with a local focus. The Company has multiple national networks, live local sports production, as well as stations affiliated with all the major networks. Sinclair's content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.