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Firm News

Cahill Represents Debt Financing Sources for Nexstar’s Acquisition of Tribune

Date: 09/19/19

Cahill represented the initial purchasers in connection with a Rule 144A offering of $1,120,000,000 aggregate principal amount of 5.625% senior notes due 2027 for Nexstar Escrow, Inc., a special purpose wholly owned subsidiary of Nexstar Broadcasting, Inc., a leading diversified media company. Cahill also represented the lead arrangers in connection with an amendment to Nexstar Broadcasting, Inc.’s existing credit agreement to, among other things, add a new $3,065,000,000 Term B credit facility and a new $675,000,000 Term A credit facility. Proceeds from the debt financing sources were used by Nexstar to acquire Tribune Media Company and for the refinancing of existed indebtedness of Tribune.