Sinclair eyes debt financing to redeem $500 million notes due 2022

By Wendy Van Sickle

Columbus, Ohio, Nov. 12 – Sinclair Broadcast Group, Inc. said wholly owned subsidiary Sinclair Television Group, Inc. plans to incur new debt financing and use proceeds to redeem its $500 million of 6 1/8% senior notes due 2022.

The redemption is conditioned on Sinclair Television’s incurrence of at least $500 million of new debt financing, according to a news release.

The redemption is scheduled for Nov. 27.

The television broadcasting company is based in Hunt Valley, Md.

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