Sinclair bought back $15.4 million of subsidiary's 8% notes in first quarter

By Jennifer Chiou

New York, May 9 - Sinclair Broadcast Group, Inc. repurchased $15.4 million face value of Sinclair Television Group's 8% senior subordinated notes due 2011 during the first quarter, according to a 10-Q filing with the Securities and Exchange Commission.

The Baltimore-based television broadcaster said it completed the transactions on the open market, adding that it may purchase additional 8% notes from time to time.

Sinclair said that $248 million of notes remains outstanding.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.