Sinclair to repay revolving credit facility with new note proceeds

By Tali Rackner

Norfolk, Va., March 9 – Sinclair Broadcast Group, Inc. plans to repay amounts drawn under Sinclair Television Group, Inc.’s revolving credit facility with the proceeds from a new $350 million senior note offering, according to a press release.

Proceeds from the 10-year notes will also be used for general corporate purposes.

Sinclair Broadcast is a Baltimore-based television company. Sinclair Television is its wholly owned subsidiary.

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