secwatch.observer — SEC 8-K summary
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Issuer:     NEXSTAR MEDIA GROUP, INC. (NXST)
CIK:        0001142417
Form:       8-K
Filed at:   2026-03-30T23:59:59+00:00
Accession:  0001193125-26-129955
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nexstar Media completes $3.39B senior secured notes offering and $1.75B term loan to refinance TEGNA acquisition debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1142417/000119312526129955/0001193125-26-129955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1142417/000119312526129955/nxst-20260324.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-129955

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