Nexstar Broadcasting Closes Offering of 3M Shares by Selling Holders
Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) (the “Company”) today announced the closing of the previously announced underwritten offering of 3.0 million shares of Class A common stock of the Company by the selling stockholders, funds affiliated with ABRY Partners, LLC. The Company did not sell any shares in the offering and did not receive any proceeds from the offering.
The selling stockholders have granted the underwriter a 30-day option to purchase up to an additional 450,000 shares of Class A common stock on the same terms and conditions. BofA Merrill Lynch acted as sole underwriter of the offering.
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