Nexstar Broadcasting Group Inc. Outlook Revised To Positive On Improved Leverage; 'B+' Rating Affirmed; New Debt Rated - S&P Global Ratings’ Credit Research

Nexstar Broadcasting Group Inc. Outlook Revised To Positive On Improved Leverage; 'B+' Rating Affirmed; New Debt Rated

Nexstar Broadcasting Group Inc. Outlook Revised To Positive On Improved Leverage; 'B+' Rating Affirmed; New Debt Rated - S&P Global Ratings’ Credit Research
Nexstar Broadcasting Group Inc. Outlook Revised To Positive On Improved Leverage; 'B+' Rating Affirmed; New Debt Rated
Published Jan 21, 2015
Published Jan 21, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S. TV broadcaster Nexstar Broadcasting Group Inc. plans to issue $250 million senior unsecured notes due 2022. The company will use the proceeds to fund its pending acquisition of three TV stations for $217 million and for general corporate purposes. We are revising our rating outlook on Nexstar to positive from stable and are affirming our 'B+' corporate credit rating on the company. The 'BB' issue-level and '1' recovery ratings on the company's senior secured debt remains unchanged. We are also assigning our 'B+' issue-level and '4' recovery ratings to the company's proposed $250 million senior unsecured notes due 2022 and are revising our issue-level recovery and ratings on the senior unsecured notes due 2020 to '4' from '5' and

  
Report Type:

Ratings Action

Ticker
NXST
Issuer
Nexstar Media Group Inc.
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Nexstar Broadcasting Group Inc. Outlook Revised To Positive On Improved Leverage; 'B+' Rating Affirmed; New Debt Rated" Jan 21, 2015. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Nexstar-Broadcasting-Group-Inc-Outlook-Revised-To-Positive-On-Improved-Leverage-B-Rating-Affirmed-New-Debt-Rated-1380124>
  
APA:
S&P Global Ratings’ Credit Research. (). Nexstar Broadcasting Group Inc. Outlook Revised To Positive On Improved Leverage; 'B+' Rating Affirmed; New Debt Rated Jan 21, 2015. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Nexstar-Broadcasting-Group-Inc-Outlook-Revised-To-Positive-On-Improved-Leverage-B-Rating-Affirmed-New-Debt-Rated-1380124>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.