CHATHAM ASSET MANAGEMENT SENDS LETTER TO SINCLAIR REGARDING REFINANCING EFFORTS
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Sinclair Broadcast Group, Inc. - Class A (SBGI)
Last sinclair broadcast group, inc. - class a earnings: 2/26 07:30 am
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Source: PR Newswire
CHATHAM, N.J., June 3, 2024 /PRNewswire/ -- Chatham Asset Management, LLC ("Chatham"), a private investment firm that through certain of its affiliates is one of the largest creditors of Sinclair, Inc. ("Sinclair" or the "Company") (NASDAQ: SBGI), today sent a letter to Sinclair's President and Chief Executive Officer, Christopher S. Ripley, and Board of Directors regarding efforts by the Company to address its near-term debt maturities.The full text of the letter follows:June 3, 2024Sinclair, Inc.Attn: Mr. Chris Ripley, Chief Executive Officer10706 Beaver Dam RoadHunt Valley, MD 21030Dear Mr. Ripley,Chatham Asset Management, LLC and certain funds it manages ("Chatham") is one of Sinclair, Inc.'s ("Sinclair" or the "Company") largest creditors, owning in excess of $500 million of the 4.125% Senior Secured Notes due 2030 and 5.500% Senior Notes due 2030. We are writing to follow up on our recent dialogue about the Company's capital structure.Chatham understands that management's focus
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Earnings
- 5/9/24 - Beat
SBGI
Sec Filings
- 6/12/24 - Form 8-K
- 5/16/24 - Form 3
- 5/10/24 - Form 10-Q
- SBGI's page on the SEC website