New Issue-Nexstar sells $325 mln sr 2nd lien notes
April 8 (Reuters) - Nexstar Broadcasting Inc/Mission Broadcasting Inc (NXST.O) on Thursday sold $325 million of senior secured 2nd lien notes in the 144a private placement market, said IFR, a Thomson Reuters service.
Bank of America Merrill Lynch, UBS, Deutsche Bank and the Royal Bank of Canada were the joint bookrunning managers for the sale. BORROWER: NEXSTAR BROADCASTING INC/MISSION BROADCASTING INC AMT $325 MLN COUPON 8.875 PCT MATURITY 4/15/2017 TYPE 2ND LIEN NTS ISS PRICE 99.364 FIRST PAY 10/15/2010 MOODY'S B3 YIELD 9.0 PCT SETTLEMENT 4/19/2010 S&P B-MINUS SPREAD 566 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YRS* *MAKE-WHOLE-CALL 50 BPS
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