Pillsbury Advises Diamond Sports Group on Debt Restructuring

Pillsbury advised Diamond Sports Group, LLC (“DSG”), a wholly-owned subsidiary of Sinclair Broadcast Group, Inc. and the largest owner of regional sports networks in the United States, in connection with a series of debt restructuring transactions resulting in DSG obtaining a new $635 million first lien term loan credit facility, the exchange of over $6.2 billion of DSG’s existing term loans and secured notes for new second lien term loans and second lien secured notes, respectively, the exchange of DSG’s existing revolving credit facility for a $227.5 million second lien revolving credit facility and the redemption of DSG’s 12.750% secured notes due 2026.