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Article: Sinclair Reports Third Quarter 2009 Results.
- Article from:
- PR Newswire
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BALTIMORE, Nov. 4 /PRNewswire-FirstCall/ -- Sinclair Broadcast Group, Inc. , the "Company" or "Sinclair," today reported financial results for the three months and nine months ended September 30, 2009.
"We are pleased to report that we have successfully restructured our balance sheet and addressed our cash flow needs," commented David Smith, President and CEO of Sinclair. "With the proceeds of our new $500 million senior secured second lien notes offering due 2017, we will be able to fund the tender offers of our 3% and 4.875% senior convertible bonds and repay a portion of our bank debt. The bank credit facility was also amended and restated to allow for ...