Cahill Represents Initial Purchasers in Acquisition Financing for Nexstar
Date: 07/27/16
Cahill represented BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, SunTrust Robinson Humphrey, Barclays, and Wells Fargo Securities as joint book-running managers and Capital One Securities, Fifth Third Securities, and MUFG as co-managers in connection with the Rule 144A offering of $900,000,000 aggregate principal amount of 5.625% Senior Notes due 2024 by Nexstar Escrow Corporation. Proceeds from the offering will be used in connection with Nexstar Broadcasting, Inc.’s pending acquisition of Media General, one of the nation's largest local media companies. Upon the consummation of the acquisition, the obligations of Nexstar Escrow Corporation under the notes will be assumed by Nexstar Broadcasting, Inc., a leading diversified media company.