---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-025610"
form_type: "8-K"
ticker: "SBGI"
cik: "0001971213"
company_name: "Sinclair, Inc."
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T22:26:50.505821+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sinclair subsidiary completes $1.43B debt recapitalization with new notes and credit facilities

## Summary
- Issued $1.43B of 8.125% First-Out First Lien Secured Notes due 2033; proceeds repay $1.175B TLB-2 and fees.
- Established $575M first-out revolving credit facility with a 3.5x leverage maintenance covenant if >35% drawn.
- Exchanged ~$267.2M of Existing 2030 Notes for new 4.375% Second-Out Notes due 2032; Supplemental Indenture eliminates most covenants.
- Privately exchanged $432M of 2030 Notes for 9.750% Senior Secured Second Lien Notes due 2033.
- Repurchased $63.6M of 2030 Notes at 84% and $104M of 5.125% 2027 Notes at 97% of principal, plus accrued interest.

## SEC filing metadata
- accession: 0001193125-25-025610
- form_type: 8-K
- ticker: SBGI
- cik: 0001971213
- company_name: Sinclair, Inc.
- filed_at: 2025-02-13T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1971213/000119312525025610/0001193125-25-025610-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912752/000119312525025610/d933368d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-025610
- JSON: https://secwatch.observer/filing/0001193125-25-025610.json
- Plain text: https://secwatch.observer/filing/0001193125-25-025610.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.