Nexstar Media Group Prices $3.39B Senior Secured Notes, $1.725B Senior Notes in Private Offering

Nexstar Media Group has priced a $3.39 billion senior secured notes due 2033 and a $1.73 billion senior notes due 2034. The proceeds from the offering will be used to repay borrowings, fund the purchase of TEGNA's 5% senior notes due 2029, and pay fees and expenses. The notes were priced at 100% of their face value and are expected to be completed on or about March 25, 2026, and April 2, 2026, respectively.