Sinclair shops term loan B-2 amendment to migrate to SOFR

By Sara Rosenberg

New York, Jan. 24 – Sinclair Broadcast Group is looking to amend its term loan B-2 to transition to SOFR from Libor and add 10 basis points CSA, according to a market source.

JPMorgan Chase Bank is the lead on the deal.

The amendment deadline is Jan. 31, the source added.

Sinclair is a Hunt Valley, Md.-based broadcaster that owns, operates or provides services to television stations.

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