Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair Television Group, Inc., has closed its previously announced private offering of $750 million aggregate principal amount of Senior Secured Notes due 2030.
The 2030 Notes were priced at 100% of their face amount and 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.
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.
