Nexstar Media/Mission seek amendment to transition to SOFR

By Sara Rosenberg

New York, March 8 – Nexstar Media Inc. and Mission Broadcasting, Inc., both wholly owned subsidiaries of Nexstar Media Group Inc., are shopping a negative consent amendment to shift their term loan debt to SOFR from Libor, according to a market source.

No credit spread adjustment is being offered, the source said.

BofA Securities Inc. is the lead on the deal.

The amendment deadline is the end of the day on Tuesday, the source added.

Nexstar is a diversified media company.

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