Nexstar Finalizes TEGNA Acquisition and $1B Debt Payoff

Nexstar Finalizes Massive TEGNA Buyout with $1 Billion Debt Payoff

Following the March 19 acquisition, Nexstar Media Inc. sets an early March 25 settlement date to purchase over $1 billion in TEGNA's senior notes.

Marcus J. Delany

Mar 23, 2026, 5:42 PM PT · 1 min read

THE RUNDOWN

Nexstar Media Group completed its acquisition of TEGNA Inc. on March 19, 2026.
Nexstar set an early settlement date of March 25 for a major debt offer.
More than $1 billion in TEGNA 5.000% Senior Notes were tendered by investors.
The early participation deadline for the note purchase passed on March 18, 2026.
The move streamlines Nexstar's balance sheet following the high-profile media merger.

Nexstar Media Inc. has officially closed its acquisition of TEGNA Inc. as of March 19, 2026. This landmark move reshapes the local television landscape, bringing a vast portfolio of stations under one roof. To finalize the financial transition, Nexstar is moving quickly to manage the acquired company's debt.

According to a press release from Nexstar Media Inc. via Business Wire, the company has set an early settlement date of March 25, 2026, for its tender offer. This offer specifically targets TEGNA's 5.000% Senior Notes due 2029. By the March 18 deadline, investors had already tendered more than $1.08 billion in principal amount of these notes.

This acquisition marks a significant milestone for Nexstar Media Group, further solidifying its position as a dominant force in United States broadcasting. By clearing these notes early, the company is streamlining its balance sheet immediately following the merger. Reports from Investing.com and StreetInsider confirm that the transaction follows months of regulatory and financial coordination to integrate TEGNA's assets into the Nexstar portfolio.