Nexstar Broadcasting calls $160 million 12% notes

By Caroline Salls

Pittsburgh, March 2 - Nexstar Broadcasting Group Inc. said it will redeem all $160 million outstanding of its 12% senior subordinated notes due April 1, 2008 on April 1 at a price of $1,060 per $1,000 principal amount plus interest accrued to the redemption date.

The company expects to fund the redemption with funds from committed financing sources.

Nexstar is an Irving, Texas, owner, operator, programmer and seller to 46 television stations in 27 markets.

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