Sinclair Broadcast Group prices $350M debt offering

• Sinclair Broadcast Group (NASDAQ:SBGI +2.2%) has priced its previously announced debt offering.
• The private offering of $350M in senior unsecured notes will be sold at 100% of par value, bearing 5.875% annual interest. The notes mature in 2026.
• The company's Sinclair Television Group is selling the notes, proceeds of which will be used to pay down a revolver.