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Sinclair Broadcast calls $49.01 million 8% notes due 2012 at par
By Marisa Wong
Madison, Wis., Oct. 20 - Sinclair Broadcast Group Inc. said it will redeem its $49,006,000 of 8% senior subordinated notes due March 15, 2012 on Nov. 19.
The notes will be redeemed at par plus accrued interest up to the redemption date.
On Tuesday, the company completed a tender offer and consent solicitation that began on Sept. 20 for any and all of the 8% notes. It received tenders and consents for $175.7 million, or 78.2%, of the notes.
As previously reported, the consents received were enough to amend the indenture governing the 8% notes to eliminate substantially all of the restrictive covenants and events of default.
Sinclair Broadcast is a Hunt Valley, Md.-based diversified television broadcasting company.
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