J.P. Morgan is in the market with a new loan for Sinclair Broadcasting. The facility consists of a six-year, $200 million revolver, a six-and-a-half year, $100 million term loan "A" and a seven-year, $255 term loan "B." Pricing is LIBOR plus 1 1/4% on the term loan "A" and the revolver. Pricing on the term loan "B" is LIBOR plus 1 1/2%. J.P. Morgan, the sole lead, launched syndication of the deal last week. The credit takes out existing bank debt. The Hunt Valley, Md-based company operates television broadcasting companies. It provides programming to more than 60 stations in about 40 markets. David Amy, executive v.p. and cfo, did not return calls.