FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Sinclair to Amend and Extend Bank Credit Agreement

July 01, 2016, 07:11 AM
Filed Under: Media

Sinclair Broadcast Group, Inc. announced that its wholly-owned subsidiary, Sinclair Television Group, Inc., intends to amend certain terms and extend the maturity date of certain loans and commitments under its existing bank credit facility.

Sinclair is seeking to extend the maturity date of its revolving credit facility and term A loans from April 9, 2018 to July 31, 2021.   In connection with the extension, Sinclair is also seeking to add additional operating flexibility, including a reduction in certain pricing terms related to the Loans based on satisfying certain covenant ratios. 

Sinclair is one of the largest and most diversified television broadcasting companies in the country. Including pending transactions, the Company owns, operates and/or provides services to 173 television stations in 81 markets, broadcasting 484 channels and having affiliations with all the major networks. Sinclair is the leading local news provider in the country, as well as a producer of live sports content. Sinclair's content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and digital platforms.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.