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:  0001142417-26-000008
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000114241726000008/0001142417-26-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000114241726000008/nxst-20260320.htm
  HTML page:      https://secwatch.observer/filing/0001142417-26-000008

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