Sinclair Selling $350M in Debt
Sinclair Television Group has begun a private offering of $350 million in debt.
The previously announced offering is for senior unsecured notes due in 2026.
They will bear interest at a 5.875% rate per year payable semi-annually on March 15 and Sept. 15, beginning this September.
The company will use the proceeds to pay down debt in its revolving credit facility and for general purposes.
Total Sinclair debt was reported at $3.89 billion.