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AI brief of an SEC Form 8-K · Nexstar Media (NXST)

Nexstar sells $3.39 billion of 6.5% senior secured notes to refinance TEGNA acquisition debt

Neutral Impact 4 of 5 financing Written later

Nexstar Media Inc., a wholly owned subsidiary of Nexstar Media Group, issued $3,390 million of 6.500% Senior Secured Notes due 2033 on March 25, 2026, in a private offering. Proceeds, with cash on hand, were used to repay bridge borrowings and other debt tied to the TEGNA acquisition, which closed on March 19, 2026, and to fund a tender for TEGNA's 5.00% notes due 2029. The filing shows the company's debt being replaced with longer-dated secured obligations, and it adds a new $1,750 million term loan that refinanced a $2,750 million loan.

Key points

  • $3,390 million of 6.500% Senior Secured Notes due September 15, 2033, issued March 25, 2026
  • Proceeds used to repay about $1.2 billion of Bridge Facility borrowings, redeem TEGNA's 4.625% 2028 notes, and fund about $1,000 million for a tender for TEGNA's 5.00% 2029 notes
  • New $1,750 million Incremental Term Loan B at SOFR plus 2.75% replaced the $2,750 million Existing Incremental Term Loan B Facility
  • Bridge Credit Agreement terminated on March 25, 2026

The filing

CompanyNexstar Media (NXST)
Form8-K, current report
Filed with the SECMar 27, 2026, 7:30 PM ET
Accession number0001193125-26-129955

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation

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 March 27, 2026.

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.