Nexstar to repay facilities, Media General debt via new note offering

By Tali Rackner

Norfolk, Va., July 13– Nexstar Broadcasting Group, Inc. plans to partially fund the repayment of any and all of its existing senior secured credit facilities and Media General, Inc.’s existing debt with the proceeds from a $900 million senior note offering from Nexstar Escrow Corp., according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will also be used to finance a portion of the company’s merger with Media General, to

pay related fees and expenses and for general corporate purposes.

Nexstar is an Irving, Texas-based diversified media company. Media General is a Richmond, Va.-based television broadcasting and digital media company.

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