U.S. TV broadcaster Nexstar Broadcasting Group Inc. plans to put in place a new $150 million term loan B due 2020 and a $275 million add-on to the senior unsecured notes due 2020. The company will use proceeds to repay $325 million second-lien notes due 2017 and fund the acquisition of five stations for $103 million. We are affirming our 'B+' corporate credit rating on Nexstar. We are assigning the proposed $150 million term loan B due 2020 a 'BB' issue-level rating, with a recovery rating of '1'. Following the $275 million proposed add-on to the senior unsecured notes due 2020, our issue-level rating on the debt is 'B', with a recovery rating of '5'. The stable rating outlook reflects
