Standard Media plans new debt financing for purchase of nine stations

By Sara Rosenberg

New York, April 25 – Standard Media Group LLC has received a debt financing commitment to fund its acquisition of nine television stations from Sinclair Broadcast Group Inc. for $441.7 million in cash, according to a news release.

RBC Capital Markets is lead arranger on the debt.

Closing is subject to regulatory approval, the closing of the Sinclair/Tribune Media Co. merger and other customary conditions.

Standard Media is a broadcast television company.

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