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Sinclair Broadcast ( (SBGI) ) just unveiled an announcement.
On January 14, 2025, Sinclair, Inc. announced a Transaction Support Agreement to enhance its financial structure through new financings and debt recapitalization. This agreement, backed by a majority of its creditors, aims to improve Sinclair’s financial liquidity and flexibility, pushing significant debt maturities to December 2029, which is expected to reduce leverage and enhance returns for stakeholders.
More about Sinclair Broadcast
Sinclair Broadcast Group, LLC is a media company operating within the broadcast industry, primarily offering television broadcasting services. They focus on local media segments and have a significant presence in providing content for sports networks.
YTD Price Performance: -8.48%
Average Trading Volume: 281,406
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.04B
Learn more about SBGI stock on TipRanks’ Stock Analysis page.
