Cahill Represents Lead Arrangers in $300 million Term Loan B Facility for Mission Broadcasting, Inc.
Date: 06/03/21
Cahill represented the lead arrangers in connection with a $300 million term loan B facility for Mission Broadcasting, Inc., a variable interest entity of Nexstar Media Inc. Proceeds from the credit facility were used to repay borrowings under Mission Broadcasting, Inc.'s existing revolving credit facility and for general corporate purposes. Nexstar Media Group is a leading diversified media company, which owns, operates, programs, or provides sales and other services to 196 television stations and related digital multicast signals reaching 114 markets and a portfolio that includes primary affiliates of NBC, CBS, ABC, FOX, MyNetworkTV and The CW.