Sinclair Television Group obtained an extension of the maturity date of certain loans and commitments under its existing bank credit facility until July 31, 2021.

According to a related 8-K filing, the lender group was led by JPMorgan Chase as administrative agent.

Sinclair has extended the maturity date of 80.3% of its pro rata commitments under its revolving credit facility and term A loans from April 9, 2018 to July 31, 2021. The amount is comprised of $485.2 million in revolving credit commitments and $139.5 million of term loan A loans.

The remaining $153.5 million of outstanding term A loans will mature April 9, 2018. In connection with the transaction, extending lenders agreed to a reduction in certain pricing terms related to the loans based on satisfying certain covenant ratios.

Sinclair is one of the largest television broadcasting companies in the country. Including pending transactions, the company owns, operates and/or provides services to 173 television stations in 81 markets.