Moody’s gives Sinclair loan Ba1, notes B1

Moody's Investors Service said it assigned a Ba1 rating to the proposed incremental $500 million first-lien senior secured term loan B-1 and a B1 rating to the proposed $450 million senior notes of Sinclair Television Group, Inc.

Sinclair Broadcast Group, Inc.'s Ba3 corporate family rating, Ba3-PD probability of default rating and the ratings on its existing senior secured credit facilities and senior notes are unchanged. The SGL-2 speculative grade liquidity rating and stable outlook also remain unchanged.

Proceeds from the loan and notes will be used to fund the acquisition of Allbritton Communications Co. ($985 million) and corporate purposes, including pending acquisitions.

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