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Nexstar Media Group Refinances Credit Facilities
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Nexstar Media Group Refinances Credit Facilities
Jun 30, 2025 5:17 AM

07:50 AM EDT, 06/30/2025 (MT Newswires) -- Nexstar Media Group ( NXST ) said Monday it has refinanced its credit facilities through its subsidiaries, Nexstar Media and Mission Broadcasting, extending maturities and reducing interest margins.

The new facilities include a $750 million Nexstar revolving credit facility and a $75 million Mission revolving credit facility, both due in 2030, as well as a $1.91 billion Nexstar term loan A due 2030 and a $1.3 billion term loan B due 2032, the company said.

The new loans will replace existing facilities due between 2026 and 2027.

Shares of the company fell more than 3% in recent premarket activity Monday.

Price: 167.01, Change: -5.47, Percent Change: -3.17

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