Sinclair Broadcast Group Inc. is looking to raise $3.7 billion in new debt to cover costs related to its acquisition of Tribune Media Co. Hunt Valley-based Sinclair agreed to purchase Chicago-based Tribune for $3.9 billion earlier this year. Sinclair’s announcement on Monday provides investors with more clarity about how the broadcaster plans to pay for the acquisition. In May, Sinclair said it expected to pay about $43.50 per share and assume $2.7 billion in debt. Sinclair also said it planned…
from https://www.bizjournals.com/baltimore/news/2017/11/27/sinclair-plans-to-raise-3-7-billion-in-new-debtto.html?ana=RSS%26s=article_search
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