Sinclair Announces New $250M Accounts Receivable Facility

9/25/20

Sinclair Broadcast (NASDAQ:SBGI) announces that Diamond Sports Group, indirect subsidiary, Diamond Sports Finance entered into a $250M accounts receivable securitization facility.

The facility has a term of three years and enables DSG to raise incremental, low cost funding.

The funding will be available by selling certain receivables on a revolving basis to Diamond SPV, which will in turn borrow money from third-party financial institutions.

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