Sinclair sports deal a tough sell to lenders

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

Sinclair Broadcasting's (NASDAQ:SBGI) $9.6B deal to acquire 21 regional sports channels may be beloved by stockholders - but lenders are less enthused, the New York Post reports.

Since winning the auction to acquire the 21 regional sports networks from Disney, Sinclair has had a tough time finding a lender to replace a $1.025B bridge loan it secured from JPMorgan.

Sinclair wants a loan with less onerous terms than the one it has with JPMorgan, but lenders are balking at the company’s conditions.

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