trending Market Intelligence /marketintelligence/en/news-insights/trending/OuEFpvPCGm-yn3u244kOrQ2 content esgSubNav
In This List

Sinclair units close debt offering

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT


Sinclair units close debt offering

Sinclair Broadcast Group Inc.'s indirect wholly owned subsidiaries Diamond Sports Group LLC and Diamond Sports Finance Company closed their previously announced private offering of $3.05 billion of senior secured notes due 2026 and $1.83 billion of senior notes due 2027.

The secured notes, which will mature Aug. 15, 2026, were priced at 100% of their face amount and will bear interest at a rate of 5.375% per annum payable semi-annually on Feb. 15 and Aug. 15, commencing Feb. 15, 2020, the company said Aug. 2. The senior notes, which will mature Aug. 15, 2027, were priced at 100% of their face amount and will bear interest at a rate of 6.625% per annum payable semi-annually, on Feb. 15 and Aug. 15, commencing Feb. 15, 2020.

Sinclair will use proceeds from the offering to fund its $9.6 billion acquisition of 21 regional sports networks and FOX College Sports (US) from Walt Disney Co.