Sinclair Broadcast Group on Monday revealed that its Sinclair Television Group subsidiary seeks to extend the maturity date of its Term B loans from April 9, 2020 and July 31, 2021, respectively, to January 2024.
In connection with the extension, Sinclair is also asking for “additional operating flexibility,” including a reduction in certain pricing terms related to the loans and its existing revolving credit facility, and revisions to certain covenant ratio requirements.
On Wednesday (12/14), Moody’s Investors Service chimed in by assigning a rating to the proposed Term Loan B.
