Nexstar Media Inc, founded in 1996 and headquartered in Irving, Texas, is a leading television broadcasting and digital media company focused on local content and community engagement. The company operates a vast portfolio of television stations across the United States, providing both traditional broadcasting and digital streaming services that cater to local viewers.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| NXST 4.75% 2028-11-01 USDNexstar Media Inc | United States | 2028-11-01 | 4.750 | 5.35 |
| NXST 4.75% 2028-11-01 USDNexstar Media Inc | United States | 2028-11-01 | 4.750 | 5.33 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Nexstar has actively engaged in capital markets, beginning its bond issuance strategy to support acquisitions and growth initiatives in the media sector. Notably, in 2019, Nexstar issued $1.5 billion in senior unsecured notes to finance its acquisition of Tribune Media, marking one of the largest transactions in the industry. As of October 2023, the company’s bond yields are competitive compared to industry standards, reflecting the company's solid operational performance and credit profile. Recently, Nexstar's bonds have featured call provisions, allowing for proactive financial management amid changing market conditions, and their ratings have remained stable, indicating strong investor confidence.