secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2026-03-20T23:59:59+00:00
Accession:  0001142417-26-000004
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexstar closes $22/sh TEGNA acquisition with $2.9B in new debt financing
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000114241726000004/0001142417-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000114241726000004/nxst-20260319.htm
  HTML page:      https://secwatch.observer/filing/0001142417-26-000004

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