TV broadcaster Nexstar plans to enter into a $50 million incremental senior secured term loan and use the net proceeds primarily to redeem the remaining outstanding 11.375% senior discount notes due 2013. We are affirming our 'B' corporate credit rating on Nexstar and assigning a 'BB-' issue-level rating and '1' recovery rating to the incremental term loan. We are changing our rating outlook on the company to positive from stable, reflecting our expectation that, barring unforeseen events, the company will be able to continue reducing its leverage on an average trailing-eight-quarter EBITDA basis so that lease-adjusted debt to EBITDA approaches the mid-6x range within the next 12 months. On April 12, 2011, Standard&Poor's Ratings Services assigned a 'BB-'
