Nexstar announces $3.39B secured notes and $1.725B unsecured notes to fund TEGNA acquisition refinancing

NEXSTAR MEDIA GROUP, INC.

Offers $3,390M senior secured notes due 2033 and $1,725M senior unsecured notes due 2034 in private placement.
Proceeds to repay bridge facility, incremental term loan, fund TEGNA note tender, and redeem Nexstar's 5.625% notes due 2027.
Pro forma shows combined net loss of $171M for FY2025 and total debt of $11.822B post-merger.
TEGNA acquisition closed March 19, 2026 for $22/share; total purchase price approx. $3.656B.
FCC requires divestiture of six TV stations within two years; no buyer identified yet.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.