Sinclair Broadcast repays $25 million of bank debt

By Sara Rosenberg

New York, May 6 - Sinclair Broadcast Group Inc. repaid $25 million of bank debt that carried an interest rate of Libor plus 225 basis points during the first quarter of 2004.

Due to this repayment, the company will save about $900,000 annually in interest costs, according to a company news release.

Sinclair is a Hunt Valley, Md., diversified television broadcasting company.

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