Nexstar Media Inc., a unit of Nexstar Media Group, launched a cash tender offer for any and all of TEGNA Inc.’s $1.1 billion 5.000% senior notes due 2029, alongside a consent solicitation to amend the notes’ indenture to remove certain restrictive covenants. The offer is tied to Nexstar’s planned acquisition of TEGNA, expected to close in the second half of 2026, with early tenders due March 18, 2026 and the offer set to expire April 2, 2026; the total consideration is $1,011.25 per $1,000 principal amount for notes tendered by the early deadline, plus accrued interest.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexstar Media Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260305608947) on March 05, 2026, and is solely responsible for the information contained therein.
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