--- schema_version: "secwatch.filing_event.v1" accession: "0001142417-26-000004" form_type: "8-K" ticker: "NXST" cik: "0001142417" company_name: "NEXSTAR MEDIA GROUP, INC." filed_at: "2026-03-20T23:59:59+00:00" generated_at: "2026-05-15T09:27:23.658542+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.95 calibrated_materiality_score: 0.95 confidence: "high" source: SEC EDGAR --- # Nexstar closes $22/sh TEGNA acquisition with $2.9B in new debt financing ## Summary - Nexstar completed acquisition of TEGNA on March 19, 2026, for $22.00 per share in cash. - Funded by $150M Term Loan A, $2.75B Term Loan B, and up to $2.39B Bridge Facility. - FCC commitments include expanding local news, extending retransmission agreements, and divesting six stations if needed. - NMI received tenders for ~94% of TEGNA 5.000% Senior Notes due 2029. - Financial statements and pro forma information to be filed within 71 days. ## SEC filing metadata - accession: 0001142417-26-000004 - form_type: 8-K - ticker: NXST - cik: 0001142417 - company_name: NEXSTAR MEDIA GROUP, INC. - filed_at: 2026-03-20T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.95 - calibrated_materiality_score: 0.95 - confidence: high - sec_items: 1.01, 2.01, 2.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000004/0001142417-26-000004-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000004/nxst-20260319.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001142417-26-000004 - JSON: https://secwatch.observer/filing/0001142417-26-000004.json - Plain text: https://secwatch.observer/filing/0001142417-26-000004.txt ## Source-grounded claims - claim_id: 6c1be5e98802ff297723fa6831d2731e92fa091a claim: NEXSTAR MEDIA GROUP, INC. incurred term loan of $150 million with Bank of America, N.A. at SOFR for the applicable interest period plus 2.00% per annum maturing 364 days after the Closing Date. evidence_excerpt: an incremental senior secured term A loan facility in an aggregate principal amount of $150 million (the “2026 Nexstar Term Loan A Facility”) evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000004/0001142417-26-000004-index.htm - claim_id: 9a52f6b138779e8cd483592a964f56a6eeb13651 claim: NEXSTAR MEDIA GROUP, INC. incurred credit facility of up to $2,390 million with Bank of America, N.A. at SOFR for the applicable interest period plus 2.75% per annum maturing first anniversary of the Closing Date. evidence_excerpt: NMI entered into a credit agreement, dated as of March 19, 2026, by and among NMI, as the borrower, Bank of America, N.A. (“BofA”), as the administrative agent and the collateral agent, and the financial institutions from time to time party thereto (the “Bridge Credit Agreement”), pursuant to which NMI established a senior first lien secured increasing rate bridge facility in an aggregate principal amount of up to $2,390 million (the “Bridge Facility”). evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000004/0001142417-26-000004-index.htm - claim_id: e8dd789573bd8516030878e4e7493c6250a76bc2 claim: NEXSTAR MEDIA GROUP, INC. incurred term loan of $2,750 million with Bank of America, N.A. at SOFR for the applicable interest period plus 2.75% maturing seven-year maturity. evidence_excerpt: an incremental senior secured term B loan facility in an aggregate principal amount of $2,750 million (the “2026 Nexstar Term Loan B Facility”). evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000004/0001142417-26-000004-index.htm - claim_id: 0c07c71ac1bd5d75c6d437e06b30f8fac45fef4b claim: NEXSTAR MEDIA GROUP, INC. completed an acquisition involving TEGNA Inc. for $22.00 per share in cash (closed 2026-03-19). evidence_excerpt: and who have complied with, Section 262 of the Delaware General Corporation Law, as amended, with respect to such shares) were automatically converted into the right to receive $22.00 per share of TEGNA Common Stock in cash, without interest (the “Merger Consideration”). At the Effective Time, each (i) time-based restricted stock unit award in respect of shares evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000004/0001142417-26-000004-index.htm - claim_id: 1894f26c5f29275be29bf3b649edd6569334fd7e claim: NEXSTAR MEDIA GROUP, INC. entered into Bridge Credit Agreement with Bank of America, N.A. and the financial institutions from time to time party thereto valued at up to $2,390 million (effective 2026-03-19). evidence_excerpt: On the Closing Date, in connection with the consummation of the Merger, NMI entered into a credit agreement, dated as of March 19, 2026, by and among NMI, as the borrower, Bank of America, N.A. (“BofA”), as the administrative agent and the collateral agent, and the financial institutions from time to time party thereto (the “Bridge Credit Agreement”), pursuant to which NMI established a senior first lien secured increasing rate bridge facility in an aggregate principal amount of up to $2,390 million (the “Bridge Facility”). evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000004/0001142417-26-000004-index.htm - claim_id: 6f331b0f7226dd192af825d81f6a444db16aa5e7 claim: NEXSTAR MEDIA GROUP, INC. amended Credit Agreement Amendment with Bank of America, N.A. and the financial institutions from time to time party thereto valued at $150 million and $2,750 million (effective 2026-03-19). evidence_excerpt: pursuant to NMI established (i) an incremental senior secured term A loan facility in an aggregate principal amount of $150 million (the “2026 Nexstar Term Loan A Facility”) and (ii) an incremental senior secured term B loan facility in an aggregate principal amount of $2,750 million (the “2026 Nexstar Term Loan B Facility”). evidence_url: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000004/0001142417-26-000004-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.