Sinclair reports Cunningham Broadcasting loan maturity extended

By Caroline Salls

Pittsburgh, July 31 - Sinclair Broadcast Group, Inc. said the lenders for Cunningham Broadcasting Corp., for which Sinclair operates six television stations, have agreed to extend Cunningham's $33.5 million term loan facility to Oct. 30, according to a Sinclair news release.

The Cunningham facility was originally scheduled to mature on July 31.

According to the release, the extension requires Cunningham to make $200,000 in principal payments on its term loans as of the first business day of August, September and October, with the balance due on Oct. 30.

During this time, the lenders and Cunningham will work toward a debt satisfaction resolution, the release said.

Sinclair is a Hunt Valley, Md.-based television broadcaster.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.