Nexstar Sets $200M Senior Notes Offering
Nexstar Broadcasting Group Inc. said today that its wholly-owned subsidiary, Nexstar Broadcasting Inc., plans to offer up to $200 million in aggregate principal amount of new senior notes due 2020 in a private offering.
Nexstar Broadcasting said it plans to use the net proceeds from the proposed offering to repurchase all of its outstanding 7% senior subordinated notes due 2014 and its 7% senior subordinated PIK notes due 2014, to refinance a portion of its existing senior secured credit facilities and pay related fees and expenses.
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