Item 2.01. Completion of Acquisition or Disposition of Assets.
OnMarch 1, 2022 ,Diamond Sports Group, LLC ("DSG") andDiamond Sports Finance Company (the "Co-Issuer," and together with DSG, the "Issuers"), indirect wholly-owned subsidiaries ofSinclair Broadcast Group, Inc. (the "Company"), consummated certain financing transactions (the "Transaction"). Pursuant to agreements governing the Transaction, DSG agreed to changes to the composition of itsBoard of Managers , which changes took effect onMay 1, 2022 . As a result of DSG's agreement to the changes to the composition of DSG'sBoard of Managers , the Company has determined thatDiamond Sports Intermediate Holdings, LLC ("Holdings"), the direct parent of the Issuers, and its subsidiaries (including the Issuers) will be deconsolidated from the Company's financial statements as ofMarch 1, 2022 , the date of closing of the Transaction. The Company is filing this Current Report on Form 8-K pursuant to guidance in the Financial Reporting Manual of theDivision of Corporation Finance of theSecurities and Exchange Commission , which provides that a deconsolidation of a material subsidiary is deemed a disposition under Item 2.01 hereof.
Item 9.01 Financial Statements and Exhibits.
(b) Pro forma financial information.
Introduction to Unaudited Pro Forma Condensed Consolidated Financial Information Unaudited Pro Forma Condensed Consolidated Balance Sheet as ofDecember 31, 2021 Unaudited Pro Forma Condensed Consolidated Statement of Operations for the Year EndedDecember 31, 2021 Notes to Unaudited Pro Forma Condensed Consolidated Financial Information
(d) Exhibits.
Exhibit No. Description Unaudited pro forma condensed
consolidated financial information of
99.1 Sinclair Broadcast Group, Inc. as of and
for the year ended December
31, 2021. 104 Cover Page Interactive Data File (embedded within
the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source