Media Contact:
Julie Cohen
Director of Marketing and Communications
Phone: 212.701.3614
Fax:
jcohen@cahill.com

Firm News

Cahill Represents Lead Arrangers in connection with $280 Million Revolving Credit Facility for Nexstar Media Group

Date: 09/03/20

Cahill represented the lead arrangers in connection with credit agreement amendments to provide for $280,000,000 of new revolving credit commitments (the “revolving credit facility”) for Nexstar Broadcasting, Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc. (“Nexstar”), and Mission Broadcasting, Inc., a variable interest entity of Nexstar. $225,000,000 of commitments under the revolving credit facility were drawn and used to prepay outstanding indebtedness. Nexstar Media Group is a leading diversified media company, which owns, operates, programs, or provides sales and other services to 196 television stations and related digital multicast signals reaching 114 markets and a portfolio that includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW.

Media Contact:
Julie Cohen
Director of Marketing and Communications
Phone: 212.701.3614
Fax:
jcohen@cahill.com