Sinclair Closes on Private Debt Offering
Sinclair 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.