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Sinclair Broadcast Group rolling over $350M in notes

Aug. 15, 2016 12:54 PM ETSinclair, Inc. (SBGI) StockBy: Jason Aycock, SA News Editor
  • Sinclair Broadcast Group (NASDAQ:SBGI +2.6%) has set a private offering of $350M in senior debt, set to roll over notes due in 2021.
  • The company is offering that amount in senior unsecured notes due to mature in 2027. It plans to use proceeds to redeem its Sinclair Television Group unit's $350M in 6.375% notes due 2021, with a redemption date planned for Aug. 30.

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