Sinclair Broadcast buys back $51.7 million in convertible bonds during first quarter

By Devika Patel

Knoxville, Tenn., May 6 - Sinclair Broadcast Group, Inc. repurchased $50.7 million of its 3% senior convertible bonds and $1 million of its 6% subordinated convertible bonds in the open market during the first quarter, according to a company earnings report.

Sinclair is a Hunt Valley, Md.-based television broadcasting company.

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