Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc., has priced its previously announced private offering for an aggregate principal amount of $750 million of Senior Secured Notes due 2030.
The 2030 Notes were priced at 100% of their face amount and will bear interest at a rate of 4.125% per annum payable semi-annually on June 1 and December 1, commencing June 1, 2021. The 2030 Notes will mature on December 1, 2030. The private placement of the 2030 Notes is conditioned on customary closing conditions and is expected to close on December 4, 2020.
About Sinclair Broadcast Group, Inc.
Sinclair is a diversified media company and leading provider of local sports and news. The Company owns and/or operates 23 regional sports network brands; owns, operates and/or provides services to 190 television stations in 88 markets; is a leading local news provider in the country; owns multiple national networks; and has TV stations affiliated with all the major broadcast 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.
