Nexstar Announces 8M Share Secondary Offering
Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (the “Company”) today announced that selling stockholders, funds affiliated with ABRY Partners, LLC, intend to offer for sale in an underwritten offering 8.0 million shares of Class A common stock of the Company. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1.2 million shares of Class A common stock on the same terms and conditions. Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC and UBS Securities LLC are the joint book-running managers of the offering. RBC Capital Markets, LLC and Evercore Group L.L.C. are acting as co-managers of the offering.
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