- Nexstar Media issued USD 3.4 billion of 6.5% senior secured notes due 2033 in a private offering that closed March 25, 2026.
- Proceeds, together with cash on hand, repaid about USD 1.2 billion drawn under a bridge facility tied to Nexstar’s TEGNA acquisition.
- Funds also supported refinancing of term loan borrowings, including use of USD 1.8 billion new incremental term loan B financing.
- Part of proceeds financed purchase of about USD 1 billion of TEGNA 5.0% senior notes due 2029 via tender offer.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-129955), on March 30, 2026, and is solely responsible for the information contained therein.
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