Sinclair Extends Bank Credit Agreement
Sinclair Broadcast Group announced today that its Sinclair Television Group intends to amend certain terms and extend the maturity date of bank loans.
Sinclair said it wants to extend the maturity date of its term B loans from April 9, 2020, and July 31, 2021, to January 2024.
In connection with the extension, Sinclair also wants to reduce some pricing terms related to the loans and its existing revolving credit facility and revisions to certain covenant ratio requirements.
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