Sinclair Announces Launch Of RSN Financing

In connection with its $9.6 billion pending and previously announced acquisition of a regional sports networks business from The Walt Disney Co., Sinclair Broadcast Group announced today that its indirect wholly-owned subsidiary, Diamond Sports Group, intends to raise $3.3 billion of term B loans due 2026.

Diamond Sports Intermediate Holdings, Diamond’s direct parent, will initially guarantee the RSN term loans.

In addition, Sinclair said its wholly-owned subsidiary, Sinclair Television Group, intends to raise $700 million of incremental term B loans due 2026 and amend certain terms under its existing bank credit facility to introduce additional operating flexibility.

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