Nexstar buys back $27.8 million of 11 3/8% notes, $1 million of 7% notes in first quarter

By Susanna Moon

Chicago, May 15 - Nexstar Broadcasting Group, Inc. said it repurchased $27.8 million of the 11 3/8% senior discount notes and $1 million of the 7% senior subordinated notes in the first quarter.

The buyback resulted in a pre-tax gain of $18.6 million.

Nexstar is an Irving, Texas-based television station operator.

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