Sinclair Closes on Private Debt Offering

By on Mar, 23 2016 with Comments 0

SBG / Sinclair Broadcast GroupSinclair Broadcast Group closed a private offering of senior unsecured notes offered by its Sinclair Television Group subsidiary.

The $350 million private offering of notes due 2026 were priced at 100% of par with interest of 5.875%/year.

Proceeds will go to repay its revolving debt and for other general purposes.

At last report, the company had $3.89 billion in debt against $119.39 million in cash.

 

About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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