Nexstar Media Group, Inc. completed its previously announced acquisition of Tribune Media Company in an accretive transaction, creating the nation’s largest local broadcaster. Nexstar is hosting conference call and webcast at 10:00 a.m. ET on Friday, September 20 to review the transaction and host a question and answer session.
Nexstar Media Group, Inc. completed its previously announced acquisition of Tribune Media Company in an accretive transaction valued at approximately $7.2 billion, creating the nation’s largest local television broadcaster.
Nexstar Media Group’s indirect wholly-owned subsidiary, Nexstar Broadcasting, Inc., has priced a $3,065 million term loan B facility and $675 million term loan A facility, marking its completion of primary financing for Tribune Media transaction at attractive rates and terms.
Nexstar Media Group, Inc. indirect wholly-owned subsidiary, Nexstar Escrow, Inc., has priced an offering of $1,120 million in aggregate principal amount of 5.625% new senior notes due 2027. The notes were priced at 100.000% in a private offering expected to be completed on or about July 3, 2019.
Nexstar Media Group, Inc. (Nasdaq: NXST) (“Nexstar”) and Tribune Media Company (NYSE: TRCO) (“Tribune Media”) announced today that they have entered into a definitive merger agreement whereby Nexstar will acquire all outstanding shares of Tribune Media for $46.50 per share in a cash transaction that is valued at $6.4 billion including the assumption of Tribune […]
Nexstar Media Group and Tribune Media Company enter into a definitive merger agreement whereby Nexstar will acquire all outstanding shares of Tribune Media for $46.50 per share in a cash transaction.