Sinclair Weighs Debt Plans, New Betting Deals For Sports Unit

April 23, 2021, 8:48 PM

Sinclair Broadcast Group Inc. is evaluating investor proposals on how to rework the debt load of its regional sports network unit as it also prepares to ink new deals with sports betting companies, according to people with knowledge of the matter.

The unit, Diamond Sports Group LLC, has received offers from debt investors seeking to provide new financing in exchange for enhancing creditor protections, said the people, who asked not to be identified discussing confidential talks. The company is having active discussions with representatives for those groups, the people added.

Diamond has also received interest from outside firms that ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.