8-K
filed March 30, 2026, 7:59 PM ET
ticker NXST
CIK 0001142417
debt
confidence high
sentiment neutral
materiality 0.75
NEXSTAR MEDIA GROUP, INC. (NXST): debt financing — Nexstar Media completes $3.39B senior secured notes offering and $1.75B term loan to refinance TEGNA acquisition debt
NEXSTAR MEDIA GROUP, INC.
- Issued $3,390M of 6.500% Senior Secured Notes due 2033 to repay bridge facility and refinance existing term loan.
- Incurred $1,750M New Incremental Term Loan B Facility under amended credit agreement, bearing SOFR + 2.75%.
- Redeemed all outstanding TEGNA 4.625% Senior Notes due 2028 and repaid/terminated $2,390M bridge facility.
- Proceeds also used to fund purchase of ~$1,000M of TEGNA's 5.00% notes due 2029 in tender offer.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NEXSTAR MEDIA GROUP, INC. incurred senior notes of $3,390 million at 6.500% maturing September 15, 2033.
- Instrument
- senior notes
- Principal
- $3,390 million
- Rate
- 6.500%
- Maturity
- September 15, 2033
- Event
- incurrence
Exact text from the filing
On March 25, 2026, Nexstar Media Inc. (the “Issuer” or “NMI”), a wholly owned subsidiary of Nexstar Media Group, Inc. (the “Company”), completed the issuance and sale of $3,390 million in aggregate principal amount of 6.500% Senior Secured Notes due 2033 (the “Secured Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NEXSTAR MEDIA GROUP, INC. incurred senior notes of approximately $1,000 million.
- Instrument
- senior notes
- Principal
- approximately $1,000 million
- Event
- incurrence
Exact text from the filing
On March 24, 2026, NMI incurred approximately $1,000 million of delayed draw borrowings under the Bridge Facility to fund the redemption of all of TEGNA’s 4.625% Senior Notes due 2028 at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemption date.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NEXSTAR MEDIA GROUP, INC. entered into Credit Agreement Amendment (effective 2026-03-25).
- Action
- entry
- Agreement
- credit facility
- Effective
- 2026-03-25
Exact text from the filing
On March 25, 2026, NMI entered into that certain Amendment No. 9 (the “Credit Agreement Amendment”) to the Credit Agreement, dated as of January 17, 2017
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NEXSTAR MEDIA GROUP, INC. entered into Secured Notes Indenture with Wilmington Trust, National Association, as trustee and notes collateral agent valued at $3,390 million (effective 2026-03-25).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Wilmington Trust, National Association, as trustee and notes collateral agent
- Value
- $3,390 million
- Effective
- 2026-03-25
Exact text from the filing
The Secured Notes were issued pursuant to an indenture, dated as of March 25, 2026 (the “Secured Notes Indenture”), by and among the Issuer, the Company, Mission Broadcasting, Inc. (“Mission”), the other guarantors party thereto and Wilmington Trust, National Association, as trustee and notes collateral agent.
View on SEC.gov
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