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Filed Pursuant to Rule 433 Registration No. 333-86712 |
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Sinclair Broadcast Group, Inc. |
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Security Information |
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Call Schedule |
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Company name |
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Sinclair Broadcast Group, Inc. |
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First call date |
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Call Price |
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Security |
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Convertible Senior Notes |
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5/20/2010 |
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100% |
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Registration format |
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Registered |
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CUSIP |
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829226AW9 |
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Put Schedule |
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ISIN |
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US829226AW93 |
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Put schedule |
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Put Price |
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Ranking |
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Senior Unsecured |
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5/15/2010 |
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100% |
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Common stock ticker |
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Nasdaq: “SBGI” |
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5/15/2017 |
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100% |
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5/15/2022 |
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100% |
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Size |
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Underwriters’ Economic Breakdown |
Economics |
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Bonds |
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Deal size |
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Joint Book-Running Managers |
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Deutsche Bank |
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50.00% |
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Base deal |
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300,000 |
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$300,000,000 |
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UBS |
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25.00% |
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Underwriters’ option |
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45,000 |
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$45,000,000 |
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Total |
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345,000 |
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$345,000,000 |
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Co-managers |
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JP Morgan |
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15.00% |
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Wachovia |
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10.00% |
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Terms |
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Par amount per bond |
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$1,000 |
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Underwriting discount and commissions |
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$17.50 |
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Coupon |
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3.00% |
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Conversion premium |
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33.3% |
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Selling concessions |
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$10.50 |
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Closing stock price |
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$15.33 |
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Management fee |
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$3.50 |
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Initial conversion price |
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$20.43 |
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Underwriting fee |
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$3.50 |
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Initial conversion rate (approximate) |
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48.9476 |
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Dates |
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Trade Date |
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05/03/07 |
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The issuer has filed a registration statement (including a prospectus) with the SEC for |
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Settlement Date |
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05/10/07 |
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the offering to which this communication relates. Before you invest, you should read |
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Maturity |
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20 Years |
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the prospectus in that registration statement and other documents the issuer has filed |
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Maturity Date |
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05/15/27 |
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with the SEC for more complete information about the issuer and this offering. You |
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Coupon Payment Dates |
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05/15, 11/15 |
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may get these documents for free by visiting EDGAR on the SEC Web site at |
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First Coupon Date |
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11/15/07 |
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www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in |
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the offering will arrange to send you the prospectus if you request it by calling toll-free |
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1-800-503-4611. |
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Adjustment to Conversion Rate upon Conversion upon Fundamental Change |
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Assumptions |
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Stock price at issue |
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$15.33 |
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Adjustment to Shares Delivered Upon Conversion Upon a Fundamental Change in Control |
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Conversion premium |
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33.3% |
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The terms of the note with respect to such provision included in the preliminary prospectus supplement dated |
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Conversion price |
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$20.43 |
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May 2, 2007 are amended in that the first sentence in the second paragraph in the heading listed above shall |
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Face value |
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$1,000.00 |
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read “A fundamental change in control is any fundamental change included in the first, third, or fifth bullet of |
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Approximate conversion rate |
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48.9476 |
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the definition of that term below under”-Repurchase of Notes at Your Option Upon a Fundamental Change”. |
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Share price |
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Effective Date |
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$15.33 |
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$16.00 |
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$17.00 |
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$18.00 |
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$19.00 |
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$20.00 |
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$21.00 |
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$22.00 |
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$23.00 |
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$24.00 |
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$25.00 |
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$27.50 |
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$30.00 |
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$35.00 |
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05/02/07 |
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16.28 |
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14.42 |
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12.04 |
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10.04 |
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8.35 |
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6.93 |
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5.72 |
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4.70 |
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3.83 |
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3.10 |
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2.48 |
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1.33 |
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0.60 |
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0.00 |
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11/15/07 |
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16.27 |
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14.36 |
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11.91 |
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9.86 |
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8.14 |
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6.70 |
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5.48 |
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4.46 |
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3.60 |
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2.88 |
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2.28 |
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1.17 |
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0.48 |
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0.00 |
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05/15/08 |
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16.20 |
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14.23 |
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11.71 |
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9.61 |
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7.85 |
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6.39 |
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5.17 |
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4.15 |
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3.30 |
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2.60 |
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2.01 |
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0.96 |
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0.35 |
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0.00 |
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11/15/08 |
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16.05 |
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14.00 |
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11.37 |
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9.21 |
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7.41 |
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5.93 |
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4.70 |
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3.70 |
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2.87 |
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2.20 |
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1.65 |
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0.70 |
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0.19 |
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0.00 |
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05/15/09 |
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15.84 |
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13.67 |
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10.89 |
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8.62 |
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6.77 |
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5.25 |
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4.03 |
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3.05 |
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2.26 |
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1.64 |
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1.15 |
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0.37 |
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0.04 |
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0.00 |
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11/15/09 |
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15.74 |
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13.34 |
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10.26 |
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7.78 |
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5.78 |
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4.20 |
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2.98 |
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2.05 |
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1.35 |
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0.84 |
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0.49 |
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0.04 |
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0.00 |
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0.00 |
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05/15/10 |
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16.28 |
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13.56 |
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9.88 |
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6.61 |
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3.70 |
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1.26 |
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0.15 |
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0.00 |
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0.00 |
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0.00 |
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0.00 |
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0.00 |
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0.00 |
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0.00 |
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