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Sinclair To Borrow $3.725 Billion To Finance Tribune Deal
November 27, 2017 at 6:13 AM (PT)
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Loans
SINCLAIR BROADCAST GROUP is borrowing more money and amending its existing credit facility to help it close on the purchase of TRIBUNE MEDIA COMPANY, pending FCC approval.
SINCLAIR's wholly-owned subsidiary SINCLAIR TELEVISION GROUP, INC. is looking to add $3.725 billion in new incremental Term B loans to mature in 2024, with the proceeds going to buy TRIBUNE and refinance the latter's indebtedness.
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