Nexstar Prices 8M Share Secondary Offering at $9.25/Share
Nexstar Broadcasting Group (NASDAQ: NXST) (the “Company”) announced Thursday the pricing of the previously announced sale by selling
stockholders, funds affiliated with ABRY Partners, LLC, of 8.0 million
shares of the Company's Class A common stock at $9.25 per share.
The offering consists entirely of secondary shares to be sold by the
selling stockholders. The Company will not sell any shares in the
offering and will not receive any proceeds from the offering.
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