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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of
earliest event reported) February 25, 1997 Commission File Number 0-26076
SINCLAIR BROADCAST GROUP, INC.
(Exact name of registrant)
Maryland 52-1494660
(State of organization) (I.R.S. Employer Identification Number)
2000 West 41st Street, Baltimore, Maryland 21211
(Address of principal executive offices and zip code)
(410) 467-5005
(Registrant's telephone Number)
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ITEM 5. OTHER EVENTS
Sinclair Broadcast Group, Inc., incorporates herein by
reference the information contained in the press release filed as Exhibit 99 to
this Current Report.
ITEM 7. EXHIBITS
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Sequentially
Exhibit No. Numbered Page
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99 Press Release by Sinclair Broadcast Group, Inc.,
dated February 25, 1997 ........................................... 5
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
SINCLAIR BROADCAST GROUP, INC.
BY: /s/ DAVID B. AMY
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David B. Amy
Chief Financial Officer/
Principal Accounting Officer
Dated: February 28, 1997
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EXHIBIT 99
SINCLAIR BROADCAST GROUP ANNOUNCES PRIVATE SECURITIES OFFERING
BALTIMORE, February 25, 1997 -- Sinclair Broadcast Group, Inc. (Nasdaq:
SBGI) announced today a proposed $200 million private offering by Sinclair
Capital, a subsidiary trust of the Company, of two million shares of high yield
trust offered preferred securities ("Preferred Securities") at $100 per
security. The Preferred Securities have a maturity of 2009 and will be offered
only (i) to "qualified institutional buyers" (as defined in Rule 144A under the
Securities Act of 1933, as amended) and (ii) to a limited number of
institutional "accredited investors" (as defined in Rule 501(a)(1), (2), (3) or
(7) under the Securities Act of 1933).
Sinclair Broadcast Group, Inc. intends to use the net proceeds of the
proposed private offering to repay outstanding debt and for general corporate
purposes, which may include acquisitions and repurchases of shares of the
Company's Class A Common Stock.
The Preferred Securities proposed to be offered by Sinclair Broadcast
Group, Inc. have not been and will not be registered under the Securities Act of
1933, as amended, or any state securities or blue sky laws and may not be
offered or sold in the United States or in any state thereof absent registration
or an applicable exemption from the registration requirements of such laws. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy the proposed Preferred Securities.
CONTACT: David Amy, Chief Financial Officer, or Patrick Talamantes,
Director of Corporate Finance, of Sinclair Broadcast Group, Inc., 410-467-5005.
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