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New Issue-Nexstar sells $325 mln sr 2nd lien notes

Thu Apr 8, 2010 6:25pm EDT

 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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