On April 21, 2022, Sinclair Television Group, Inc. (STG) entered into the Fourth Amendment to the Seventh Amended and Restated Credit Agreement, dated as of August 23, 2019, as amended with JPMorgan Chase Bank, N.A., as administrative agent, the guarantors party thereto and the lenders and other parties thereto. Pursuant to the Fourth Amendment, STG raised Term B-4 Loans (as defined in the Bank Credit Agreement) in an aggregate principal amount of $750 million (the Term B-4 Loans"). The Term B-4 Loans mature in April 2029.

The Term B-4 Loans were issued at 97% of par and bear interest, at STG's option, at Term SOFR plus 3.75% (subject to customary credit spread adjustments) or base rate plus 2.75%. The proceeds from the Term B-4 Loans were used to refinance all of STG's outstanding Term B-1 Loans (as defined in the Bank Credit Agreement) and to redeem STG's outstanding 5.875% senior notes due 2026. In addition, the maturity of $612.5 million of the revolving commitments under the Bank Credit Agreement were extended to April 2027 pursuant to the Fourth Amendment.