---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-091271"
form_type: "8-K"
ticker: "NXST"
cik: "0001142417"
company_name: "NEXSTAR MEDIA GROUP, INC."
filed_at: "2025-06-30T23:59:59+00:00"
generated_at: "2026-05-18T12:16:24.676946+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nexstar completes $3.98B refinancing; extends maturities, reduces SOFR spreads

## Summary
- New facilities: $1,905M Term Loan A due 2030, $1,300M Term Loan B due 2032, $750M revolver due 2030, $75M Mission revolver due 2030.
- SOFR margin reduced: revolver/TLA at SOFR+1.50% (down 10 bps); TLB at SOFR+2.50% (down 11 bps).
- Proceeds used to retire Nexstar's $2,091M TLA due 2027, $1,358M TLB due 2026, and existing revolvers; $144M drawn on new revolver.
- Mission drew $62M on new facility to repay all outstanding borrowings under its prior revolver.
- Refinancing extends debt maturities, lowers interest costs, and enhances financial flexibility.

## SEC filing metadata
- accession: 0000950170-25-091271
- form_type: 8-K
- ticker: NXST
- cik: 0001142417
- company_name: NEXSTAR MEDIA GROUP, INC.
- filed_at: 2025-06-30T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1142417/000095017025091271/0000950170-25-091271-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000095017025091271/nxst-20250627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-091271
- JSON: https://secwatch.observer/filing/0000950170-25-091271.json
- Plain text: https://secwatch.observer/filing/0000950170-25-091271.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.