trending Market Intelligence /marketintelligence/en/news-insights/trending/SBnK4vjCMFYOO0msWm1UGA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Nexstar unit prices senior notes offering

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Quibi's $2 billion bet on mobile video fizzles out

Cable nets struggle with cash flow declines due to cord cutting, pandemic

Nexstar unit prices senior notes offering

NexstarBroadcasting Group Inc. said July 13 that its unit Nexstar EscrowCorp. priced an offering of $900 million of 5.625% new senior notes due2024.

The sale of the notes, which were priced at 100% in aprivate offering, is expected to be completed on or about July 27, subject tocustomary closing conditions.

Net proceeds from the offering, along with borrowings, cashproceeds from asset divestiture and new common stock issuance, will be used tofund Nexstar's proposed acquisition of Media General Inc., to repay Nexstar credit facilities,repay existing Media General debt, and to pay other fees and expenses relatedto the Media General acquisition.