Sinclair to redeem all $70 million 6% convertibles at par on April 15

By Toni Weeks

San Diego, March 16 - Sinclair Broadcast Group, Inc. will fully redeem all $70 million of its 6% convertible subordinated debentures due 2012 at par, according to a company press release.

The redemption, which will occur April 15, will be funded from the net proceeds of the $115 million term loan A recently financed by the company's subsidiary, Sinclair Television Group.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.