Welcome to our dedicated page for Nexstar Media Group SEC filings (Ticker: NXST), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Producing more daily local newscasts than any other U.S. broadcaster, Nexstar Media Group packs critical details on political advertising cycles, retransmission contracts, and digital expansion into dense SEC documents. If you have ever typed “Nexstar Media Group SEC filings explained simply,” you know how quickly a 300-page report can overwhelm.
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The Nexstar Media Group annual report 10-K simplified breaks down segment performance, while our Nexstar Media Group earnings report filing analysis compares political-ad spikes year over year without accounting jargon. Preparing for proxy season? The Nexstar Media Group proxy statement executive compensation section extracts anchor salaries, equity grants, and incentive metrics in one click. Our dashboard also lists every Nexstar Media Group insider trading Form 4 transactions beside cash-flow tables the moment EDGAR posts them.
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Nexstar Media Group, Inc. (NASDAQ: NXST) filed an 8-K to disclose that on June 27, 2025 its wholly-owned subsidiary, Nexstar Media Inc., and variable-interest entity Mission Broadcasting, Inc. completed a comprehensive refinancing of their senior secured credit structure.
New Nexstar Facilities: (1) Term Loan A of $1.905 billion, (2) Term Loan B of $1.300 billion, and (3) a $750 million revolving credit facility. The Term Loan A and revolver mature in five years and price at SOFR + 1.50% (pricing-grid adjusted) with a 0.125%–0.25% upfront fee. The seven-year Term Loan B carries SOFR + 2.50% with a 1.00% original-issue discount.
New Mission Facility: a $75 million revolving credit facility, also five-year tenor, priced at SOFR + 1.50% and the same upfront fee structure.
Initial Borrowings & Use of Proceeds: • Nexstar drew $144 million on its new revolver and, together with proceeds from the new term loans and cash on hand, fully prepaid its prior Term Loan A (due 2027) and Term Loan B (due 2026). • Mission drew $62 million on its new revolver to retire all borrowings under its former revolver.
All prior revolving credit facilities, Term Loan A and Term Loan B have therefore been extinguished and replaced by the facilities outlined above. Complete terms are contained in Amendment No. 7 (Exhibit 10.1) to Nexstar’s 2017 Credit Agreement and Amendment No. 8 (Exhibit 10.2) to Mission’s 2017 Credit Agreement. A press release announcing the refinancing was furnished as Exhibit 99.1 on June 30, 2025.
Key Takeaways for Investors:
- Refinancing refreshes maturities to 2030 (Term Loan A & revolvers) and 2032 (Term Loan B), eliminating near-term debt cliffs in 2026-2027.
- SOFR-based pricing locks spreads but leaves interest expense fully floating.
- Upfront/discount costs are modest (0.125%–1.00%), indicating favorable market access.
- Total committed debt capacity now stands at roughly $4.03 billion across the new facilities.
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