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BRIEF-Sinclair Broadcast Group's Investment , Keyser Capital, sells Alarm Funding Associates
March 7, 2017 / 8:38 PM / 9 months ago

BRIEF-Sinclair Broadcast Group's Investment , Keyser Capital, sells Alarm Funding Associates

March 7 (Reuters) - Sinclair Broadcast Group Inc

* Sinclair Broadcast Group’s Investment Group, Keyser Capital, sells Alarm Funding Associates

* Deal for $200.0 million

* Unit sold Alarm Funding Associates, LLC (“AFA”) to RPAFA Investors, LLC, an investment vehicle of riverside partners

* After repayment of debt and other costs, Sinclair will realize about $70 million in pre-tax net cash proceeds

* Total indebtedness will decrease by approximately $108 million after sale

* Other non-media revenues less non-media expenses for 10 month period of March- Dec 2017 to be about $20 million less than original guidance Source text for Eikon: Further company coverage:

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