Sinclair Broadcast to draw on revolver to fund Tennis Channel purchase

By Tali Rackner

Norfolk, Va., Jan. 27 – Sinclair Broadcast Group, Inc. plans to draw on its revolving line of credit to fund its $350 million purchase of the stock of Tennis Channel, according to a news release.

The company will also use cash on hand to help finance the transaction, which is expected to close during the first quarter of 2016.

Sinclair Broadcast is a Baltimore-based television company.

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