Nexstar Shoots Ahead With A Loan And Credit Refi Plan


Nexstar Media Group on Monday confirmed that it has received commitments for a whopping $3.1 billion refinancing of its outstanding Senior Secured Term Loan facilities.

This includes the balance of Nexstar’s $2.75 billion Senior Secured Term Loan B due January 2024, the $51.3 million Senior Secured Term Loan A due June 2018, and the $293.9 million Senior Secured Term Loan A due January 2022.

Nexstar will also be refinancing its $175 million Senior Secured revolving credit facility under which $3 million was drawn as of March 31.

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