Sinclair Television Group, Inc -- Moody's assigns Ba1 to Sinclair's Revolving Credit and Term Loan A Facilities

New York, July 20, 2016 -- Moody's Investors Service assigned a Ba1 rating to the revolving credit and Term Loan A facilities of Sinclair Television Group, Inc, (Sinclair) a subsidiary of Sinclair Broadcast Group, Inc. The transaction extends and amends approximately 80.3% of Sinclair's combined $485.2 million revolver (undrawn) and total outstanding Term Loan A of $293, to July 2021 from April 2018. At an instrumental level, all of the revolver and $139.5 of Term Loan A was extended. The maturity of the remaining $153.5 million Term Loan A will remain unchanged, due April 2018. Sinclair Broadcast Group, Inc.'s Ba3 Corporate Family Rating is unchanged.

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