Sinclair Selling $350M in Debt

By on Mar, 9 2016 with Comments 0

SBG / Sinclair Broadcast GroupSinclair 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.

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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