Nexstar To Offer $250 Million Of Senior Notes

Nexstar Broadcasting Group announced today that it intends to offer, subject to market and other customary conditions, $250 million in new senior notes due 2022 in a private offering. Nexstar said it intends to use the proceeds to fund the proposed acquisitions of three television stations in three markets from Landmark Television and Landmark Media Enterprises; Meredith Corp. and Sagamore Hill; and Pappas Telecasting, to pay related fees and expenses and for general corporate purposes.

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