|Bid||26.91 x 1300|
|Ask||26.94 x 1400|
|Day's Range||26.65 - 27.62|
|52 Week Range||22.44 - 39.60|
|Beta (5Y Monthly)||1.43|
|PE Ratio (TTM)||14.17|
|Forward Dividend & Yield||0.80 (2.97%)|
|Ex-Dividend Date||Nov 30, 2021|
|1y Target Est||N/A|
Subscribe to Yahoo Finance Plus to view Fair Value for SBGILearn more
Announcement: Moody's says Diamond's proposed exchange offer would be considered a distressed exchangeGlobal Credit Research - 19 Jan 2022New York, January 19, 2022 -- Moody's Investors Service (Moody's) says that Diamond Sports Group, LLC's (Caa2, negative) proposed exchange offer would likely be considered a distressed exchange if completed consistent with the outlined terms. The new $600 million term loan will provide Diamond with the liquidity bandwidth it needs to pursue its direct-to-consumer (DTC) platform launch in 2022.Diamond announced last week that it had entered into a transaction support agreement with certain of its debt holders. The agreement would see Diamond receive a new $600 million first-priority lien term loan which would mature in May 2026 and would rank first in lien priority on shared collateral ahead of Diamond's term loan, revolver and senior secured notes.Lenders under the existing revolver will be offered to exchange the entire amounts of their respective revolving loans into a senior secured second priority revolving credit facility.
Sinclair now has a path to launching a direct-to-consumer streaming app this year after securing digital rights from the NBA and $600 million in new financing.
Bloomberg reports one of the deals would secure NBA streaming rights while the other would provide $600 million in financing.