Sinclair Restructures Debt in Possible Hopes of More Deregulation

Sinclair said it has deals with select creditors to boost its liquidity and strengthen its balance sheet for the long-term, meaning the station group may be expecting the Trump administration to open the market up for more station acquisitions.Sinclair Television Group and certain affiliated entities have entered into a “transaction support agreement” or TSA with certain secured creditors “on the principal terms of new money financings and a debt recapitalization to strengthen the company’s balance sheet and better position it for long-term growth,” the company said.The agreement covers lenders holding about 80…

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