Sinclair Broadcast Closes $4.875B Private Debt Offering

8/2/19

By Jason Aycock, SeekingAlpha

Sinclair Broadcast Group (SBGI -1.5%) has closed a private offering of $4.875B in debt tied to its deal to purchase the former Fox regional sports networks from Disney.

The company's indirect subsidiaries, Diamond Sports Group LLC and Diamond Sports Finance Co., closed a $3.05B offering of senior secured notes due 2026 and $1.825B offering of senior notes due 2027.

Proceeds will fund part of the $9.6B purchase price for the RSNs.

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