Nexstar Media Group on Tuesday revealed that indirect wholly owned subsidiary Nexstar Escrow Inc. intends to offer up to $1.12 billion in aggregate principal amount of new senior notes due 2027 — in a private offering.
One day later, pricing of the notes was set, with an aggregate principal amount of 5.625% expected to be completed on or about July 3.
Now, the broadcast TV company poised to merge with Tribune Media has priced — through its Nexstar Broadcasting — a pair of term loan facilities.