Simpson Thacher represented Wells Fargo Securities, LLC and the other initial purchasers in connection with a Rule 144A/Regulation S offering by Sinclair Television Group, Inc., a wholly owned subsidiary of Sinclair Broadcast Group, Inc. (“Sinclair”), of $500 million aggregate principal amount of 5.5% Senior Notes due 2030. Sinclair used the net proceeds from the offering of the notes, plus cash on hand, to redeem its 6.125% Senior Notes due 2022.
Based in Hunt Valley, Maryland, Sinclair is one of the largest and most diversified television broadcasting companies in the country, a local news provider and a producer of live sports content.
The Simpson Thacher team for the transaction included John C. Ericson, Matt Hart, Davis Mahon and Adriana Estor-Restrepo (Capital Markets); Sergio Torres (Tax); Jake Phillips (ECEB); Melanie Jolson and Nathan Regenold (Intellectual Property); and Jennie Getsin (Blue Sky).