Cahill Represents Initial Purchasers in $1.0 Billion Notes Offering for Nexstar Broadcasting, Inc.
Cahill represented the initial purchasers in connection with a Rule 144A offering of $1,000,000,000 aggregate principal amount of 4.750% senior notes due 2028 by Nexstar Broadcasting, Inc. (“NBI”), a wholly-owned subsidiary of Nexstar Media Group, Inc. Proceeds from the offering were used to redeem NBI’s 5.625% senior notes due 2024 and to pay related fees and expenses, with the remainder to be used for general corporate purposes. 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. Nexstar Media Group’s a portfolio includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW.