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Sinclair plans loan or capital markets transaction for acquisition
By Sara Rosenberg
New York, Feb. 28 - Sinclair Broadcast Group Inc. plans to use a bank loan and/or access the capital markets to fund the $370 million acquisition of 18 television stations owned by Barrington Broadcasting Group LLC, according to a news release.
Closing is expected in the second quarter, subject to approval by the Federal Communications Commission and antitrust clearance.
Sinclair is a Hunt Valley, Md.-based television broadcasting company.
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