Nexstar Media Inc., a subsidiary of Nexstar Media Group Inc. (NASDAQ: NXST), announced an early settlement date of March 25, 2026, for its tender offer to purchase TEGNA Inc.'s 5.000% Senior Notes due 2029.

According to the company's press release, $1.04 billion in aggregate principal amount of the notes, representing 94.23% of outstanding notes, were validly tendered by the March 18, 2026 early tender deadline. The tender agent D.F. King & Co. provided the tendering information.

Nexstar Media Group completed its acquisition of TEGNA Inc. on March 19, 2026, satisfying one condition for the tender offer's completion. The company expects to purchase the tendered notes on the early settlement date.

The tender offer received the required consents to adopt proposed amendments to the notes' terms. A supplemental indenture reflecting these amendments has been executed and will become operative when Nexstar purchases the notes.

The tender offer and consent solicitation remain scheduled to expire at 5:00 p.m. Eastern time on April 2, 2026, unless extended or terminated earlier. Notes tendered after the early deadline will be purchased promptly following the expiration date.

Nexstar plans to fund the purchase using proceeds from financing transactions for the TEGNA merger and cash on hand. Notes purchased in the tender offer will be cancelled, while any remaining outstanding notes will be subject to the proposed amendments.

BofA Securities Inc., J.P. Morgan Securities LLC, and Goldman Sachs & Co. LLC serve as dealer managers for the tender offer and solicitation agents for the consent solicitation.