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A Billion-Dollar Debt Swap Plan Emerges For Nexstar

Y2kTheNewOldies

Y2kTheNewOldies

https://www.businesswire.com/news/h...cing-of-1000-Million-Offering-of-Senior-Notes


IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or the “Company”) announced today that its wholly-owned subsidiary, Nexstar Broadcasting, Inc. (the “Issuer”), has priced its previously announced offering of $1,000 million in aggregate principal amount of 4.75% Senior Notes due 2028 (the “Notes”) in a private offering. The Notes will have a maturity date of November 1, 2028.

The sale of the Notes is expected to be completed on or about September 25, 2020, subject to customary closing conditions. The Notes were priced at 100.00% of their face value and will be the Issuer’s senior unsecured obligations and will be guaranteed by the Company, Mission Broadcasting, Inc. (“Mission”) and certain of the Issuer’s and Mission’s existing and future restricted subsidiaries on a senior unsecured basis.

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here is an announcement from Nexstar over its corporate bonds.
 
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