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Nexstar Media Inc. Announces Early Settlement Date for the Previously Announced Tender Offer and Consent Solicitation for Any and All of TEGNA Inc.’s 5.000% Senior Notes Due 2029
IRVING, Texas--(BUSINESS WIRE)-- Nexstar Media Inc. (the “Offeror”), a wholly owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar Media
About this update from Nexstar Media Group, Inc.
[{"type":"text","content":" IRVING, Texas--(BUSINESS WIRE)--\nNexstar Media Inc. (the “Offeror”), a wholly owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar Media Group”), announced today that there will be an Early Settlement Date on March 25, 2026 (the “Early Settlement Date”) for the TEGNA Inc.’s 5.000% Senior Notes due 2029 (the “Notes”) that were tendered by the Early Tender Deadline (as defined below) as part of the previously announced offer to purchase for cash (the “Tender Offer”) any and all of the Notes, and related solicitation of consents (the “Consent Solicitation”). Capitalized terms used herein, but not otherwise defined, have the meanings ascribed to such terms in the Offer to Purchase and Consent Solicitation Statement (as defined herein).\n\n\nAs of 5:00 P.M., New York City time, on March 18, 2026 (the “Early Tender Deadline”), according to information provided by D.F. King & Co., Inc., the tender agent and information agent (the “Tender Agent and Information Agent”) for the Tender Offer and the Consent Solicitation, $1,036,551,000 in aggregate principal amount of Notes, or 94.23% of the aggregate principal amount of Notes outstanding, were validly tendered and not validly withdrawn as part of the Tender Offer and Consent Solicitation. On March 19, 2026, Nexstar Media Group completed the acquisition of TEGNA Inc., thereby satisfying one of the conditions to the consummation of the Tender Offer. The Offeror expects to accept for purchase the Notes that have been validly tendered and not validly withdrawn on or prior to the Early Tender Deadline on the Early Settlement Date.\n\n\nIn addition, the requisite Consents with respect to the Notes to adopt the Proposed Amendments have been received in the Consent Solicitation. The supplemental indenture reflecting the Proposed Amendments has been executed and the Proposed Amendments relating to the Notes will become operative upon the Offeror’s purchase of the Notes on the Early Settlement Date in accordance with the Offer to Purchase and Consent Solicitation Statement.\n\n\nThe Tender Offer and the Consent Solicitation remain scheduled to expire at 5:00 P.M., New York City time, on April 2, 2026, unless extended or earlier terminated by the Offeror in its sole discretion (such date and time, as the same may be extended, the “Expiration Time”). We expect to accept for purcha...