New York, April 06, 2015 -- Moody's Investors Service said that on April 3, 2015, Sinclair Broadcast Group, Inc. ("Sinclair") announced plans for its subsidiary, Sinclair Television Group, Inc., to issue a $350 million incremental term loan to its existing $400 million term loan B-1 facility due July 2021. Net proceeds from the new facility will be used to term out $338 million of advances under its revolver commitment which expires in 2018 as well as fund related fees and general corporate purposes. There is no immediate impact to Sinclair's credit ratings or stable outlook as Moody's expects revenue and EBITDA growth over the next 12 months will improve financial credit metrics and better position the company in the Ba3 Corporate Family Rating.

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