Item 1.01. Entry into a Material Definitive Agreement.
On
The 2022 Nexstar Term Loan A Facility, the 2022 Nexstar Revolving Credit
Facility and the 2022 Mission Revolving Credit Facility (collectively, the "New
Facilities" and each, a "New Facility"), each has a five-year maturity and bears
interest at a rate of term SOFR for the applicable interest period plus a margin
in the range of 1.25% - 2.00% determined based on a leverage based grid. The
term SOFR for any interest period is the sum of the term SOFR screen rate
published by the CME term SOFR administrator plus a spread adjustment of 0.10%.
The 2022 Nexstar Term Loan A Facility has a 5% amortization each year, to be
payable on a quarterly basis. In connection with entry into the New Facilities,
each of
The foregoing description is qualified in its entirety by reference to the text
of the amended
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth above in Item 1.01 is incorporated into this Item 2.03 by reference.
Item 8.01. Other Events.
Concurrently with the closing of the 2022 Nexstar Term Loan A Facility and the
2022 Nexstar Revolving Credit Facility,
Concurrently with the closing of the 2022 Mission Revolving Credit Facility,
Mission borrowed
A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 10.1 Credit Agreement, dated as ofJanuary 17, 2017 , by and amongNexstar Media Inc. (f/k/aNexstar Broadcasting, Inc. ),Nexstar Media Group, Inc. ,Bank of America, N.A . and the several lenders party thereto, as amended by that Amendment No. 5, dated as ofJune 21, 2022 . 10.2 Credit Agreement, dated as ofJanuary 17, 2017 , by amongMission Broadcasting, Inc. ,Bank of America, N.A . and the several lenders party thereto, as amended by the Amendment No. 6, datedJune 21, 2022 . 99.1 Press Release issued onJune 21, 2022 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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