Deals

Nexstar Shifts Tegna Buyout Financing as Risky Debt Demand Wilts

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jeannine Amodeo, Gowri Gurumurthy, and Kevin Kingsbury

March 20, 2026 at 1:09 PM UTC

Updated on

March 20, 2026 at 6:57 PM UTC

Nexstar Media Group Inc. has amended the financing tied to its acquisition of fellow TV-station owner Tegna Inc. as demand for risky debt comes under strain amid a flood of loan and bond sales tied to buyouts.

Wall Street banks led by Bank of America Corp. on Friday added more bonds to the overall $6.9 billion debt package and cut the size of a leveraged loan by $1 billion.