Sinclair Broadcast Group prices $350M debt offering

|About: Sinclair Broadcast Group, ... (SBGI)|By:, SA News Editor

Sinclair Broadcast Group (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.

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