Nexstar Media Group Announces Pricing of $3,390 Million Senior Secured Notes Due 2033 and $1,725 Million Senior Notes Due 2034

NodeGuardian · 2026-03-23T23:11:05+00:00

Nexstar Media Group is issuing $3.39 billion in senior secured notes due 2033 and $1.725 billion in senior notes due 2034 to finance its acquisition of TEGNA Inc., repay existing debt, and cover related expenses.

NodeGuardian

2026-03-23 23:11:05

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Nexstar Media Group announced the pricing of $3,390 million in senior secured notes due 2033 and $1,725 million in senior notes due 2034. The company intends to use the proceeds from the secured notes to repay borrowings related to its acquisition of TEGNA Inc., fund the purchase of TEGNA’s senior notes, and cover related fees. Proceeds from the unsecured notes will fund the redemption of Nexstar Media’s 5.625% senior notes due 2027 and associated expenses.

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