Sinclair to convert all $5.4 million 3% convertibles due 2027

By Toni Weeks

San Luis Obispo, Calif., Sept. 23 - Sinclair Broadcast Group, Inc. said it received a conversion notice for its outstanding $5.4 million principal amount of 3% convertible senior notes due 2027.

The company intends to settle the conversion of the notes, including any residual amount, in cash on Oct. 24.

The cash settlement amount will be determined after the 20-trading-day measurement period ending Oct. 21.

Sinclair is a Hunt Valley, Md.-based diversified television broadcasting company.

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