Sinclair calls 8¾% notes

New York, Dec. 21 - Sinclair Broadcast Group, Inc. said its Sinclair Television Group will redeem its $307.4 million of 8¾% senior subordinated notes due 2011 on Jan. 22.

The Baltimore-based television broadcaster will pay 104.375% of par plus accrued interest.

Funding will come from Sinclair's recently completed $225 million term loan A-1, a drawdown from its revolving credit facility and cash on hand.

© 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.