- Nexstar priced a private offering of USD 3.39 billion of 6.5% senior secured notes due 2033 and USD 1.73 billion of 7.25% senior notes due 2034.
- Total issuance across the two note offerings is USD 5.12 billion.
- The senior secured notes are expected to close on or about March 25, 2026, and the senior notes are expected to close on or about April 2, 2026.
- Proceeds from the senior secured notes are intended to repay bridge and credit facility borrowings linked to the TEGNA acquisition and to fund a purchase of TEGNA’s 5% senior notes due 2029.
- Proceeds from the senior notes are intended to fund the redemption of Nexstar Media’s 5.63% senior notes due 2027.
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: 20260323153664) on March 23, 2026, and is solely responsible for the information contained therein.