---
schema_version: "secwatch.filing_event.v1"
accession: "0001142417-26-000008"
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: "2026-05-15T09:27:20.445268+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001142417-26-000008
- 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: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000008/0001142417-26-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1142417/000114241726000008/nxst-20260320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001142417-26-000008
- JSON: https://secwatch.observer/filing/0001142417-26-000008.json
- Plain text: https://secwatch.observer/filing/0001142417-26-000008.txt

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