BALTIMORE, Dec. 18 /PRNewswire-FirstCall/ -- Sinclair Broadcast Group,
Inc. (Nasdaq: SBGI), announced today that they intend to make an initial
$3.0 million cash investment on a $20.0 million commitment to Patriot
Capital II, LP. Fund. The Patriot Capital fund provides structured debt and
mezzanine financing to small businesses. Patriot Capital II is the
successor to Patriot Capital I, LP and Allegiance Capital LP, both small
business investment companies (SBIC). Sinclair has been a limited partner
in Allegiance Capital since 1999 and, over that period, invested
approximately $9.2 million while realizing distributed profits of $12.5
million to date. Patriot Capital II is managed by Tom Holland, who was also
a managing director of Allegiance Capital.
About Sinclair
Sinclair Broadcast Group, Inc., one of the largest and most diversified
television broadcasting companies, owns and operates, programs or provides
sales services to 57 television stations in 35 markets. Sinclair's
television group reaches approximately 22% of U.S. television households
and is affiliated with all major networks. Sinclair also holds investments
in various other lines of businesses. For more information, visit the
Sinclair website at http://www.sbgi.net.
SOURCE Sinclair Broadcast Group, Inc.
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Related links:
http://www.sbgi.net
http://www.prnewswire.com/comp/110203.html /
CONTACT:
David Amy, EVP & CFO of Sinclair Broadcast
Group, Inc., +1-410-568-1500
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