Flash FinanceUS
After hours S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Nexstar Media (NXST)

Nexstar completes credit facility refinancing, extending maturities to 2030 and 2032

Positive Impact 3 of 5 financing Written later

Nexstar Media Group's subsidiaries Nexstar Media Inc. and Mission Broadcasting completed refinancings of their revolving credit facilities and term loans on June 27, 2025. The new facilities include a $1,905 million Term Loan A, a $1,300 million Term Loan B, a $750 million Nexstar revolver and a $75 million Mission revolver, and were used with cash on hand to repay prior debt. The company says the deal extends maturities and reduces interest rate margins, which lowers borrowing costs for shareholders.

Key points

  • New Nexstar revolver and Term Loan A mature in 2030; Term Loan B matures in 2032
  • Revolvers and Term Loan A priced at SOFR plus 1.50%, a 10 basis point reduction; Term Loan B at SOFR plus 2.50%, an 11 basis point reduction for 1-month SOFR
  • Refinanced prior debt included a $2,091 million Term Loan A due 2027 and a $1,358 million Term Loan B due 2026
  • Nexstar borrowed $144 million under the new revolver and Mission borrowed $62 million at closing

The filing

CompanyNexstar Media (NXST)
Form8-K, current report
Filed with the SECJun 30, 2025, 10:08 AM ET
Accession number0000950170-25-091271

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 30, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.