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Sinclair Takes Out Additional Loans

Sinclair Broadcast Group has raised $3.725 billion of new loans and amended some terms of its bank credit facility. The new term B loans mature in 2024 and are priced at LIBOR plus 2.50%. The proceeds “are expected to be used to purchase the outstanding shares of Tribune Media Co., refinance certain of Tribune’s existing indebtedness, pay costs and expenses expected to be incurred in connection with the acquisition, and for general corporate purposes,” the company said.

By Staff | December 14, 2017 | 6:25 a.m. ET.
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kendra campbell says:

December 14, 2017 at 9:08 am

House of cards.

Julien Devereux says:

December 14, 2017 at 9:40 am

I see their future so clearly, because I remember the past. Do the names iHeart and Cumulus mean anything to you? But that’s OK, because just like iHeart and Cumulus, the originators each walked away with wheelbarrows of cash, while their companies foundered. I’m sure “Mr. Sinclair” will also.

    Angie McClimon says:

    December 14, 2017 at 10:43 am

    What’s the saying? “If you don’t learn from the past, you’re doomed to repeat it?” Sinclair has obviously not learned anything from iHeart and Cumulus.

Dan Levitt says:

December 14, 2017 at 10:36 am

wow, this is going to be ugly

PhilipsLam says:

June 14, 2023 at 9:12 am

Sinclair Media Group has successfully secured a new loan worth $3.725 billion to acquire a major media company. Additionally, they plan to utilize this amount for general purposes of the company. This could involve investment in business expansion, capital expenditure, working capital needs, or other operational requirements.

jackfrostenson says:

June 14, 2023 at 6:54 pm

Sometimes it is necessary to ask for a loan to carry out your own company, or to start your own project, venture, etc. So it does not surprise me that they have made a decision like this, the problem is always paying the debt and being up to date for not get into debt

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June 16, 2023 at 3:58 am

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