Now that Nexstar Media Group effectively owns TEGNA, which saw its stock conclude its trading at a $20.03 valuation and is being converted to “NXST” shares, the company founded 30 years ago by Perry Sook is moving forward with its intent to offer two rounds of senior secured notes to bondholders.
The total sought by Nexstar is above $5 billion, and is a call to action to help fund its $6.2 billion purchase of the company formerly known as Gannett.
