Nexstar said a subsidiary will offer up to $200 million...
Nexstar said a subsidiary will offer up to $200 million in senior unsecured notes due 2020 and use the proceeds to refinance some other debt. Separately, Standard & Poor’s said it upgraded Nexstar’s credit rating to B+ from B. “The…
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stations that Nexstar will acquire from Newport will improve the company’s business risk profile” and improve its earnings-to-debt ratio, credit analyst Daniel Haines said.