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Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Long Term Debt | Long-term debt consisted of the following ($ in millions):
|  | June 30, 2025 |  |  | December 31, 2024 |
Nexstar |  |  |  |  |  |
Revolving loans, due June 2030 |  | $ | 144 |  |  | $ | - |
Term Loan A, due June 2030 |  |  | 1,905 |  |  |  | - |
Term Loan A, due June 2027 |  |  | - |  |  |  | 2,121 |
Term Loan B, due J une 2032 |  |  | 1,300 |  |  |  | - |
Term Loan B, due September 2026 |  |  | - |  |  |  | 1,358 |
5.625% Notes, due July 2027 |  |  | 1,714 |  |  |  | 1,714 |
4.75% Notes, due November 2028 |  |  | 1,000 |  |  |  | 1,000 |
Mission |  |  |  |  |  |
Revolving loans, due June 2030 |  |  | 62 |  |  |  | - |
Revolving loans, due June 2027 |  |  | - |  |  |  | 62 |
Term Loan B, due June 2028 |  |  | 288 |  |  |  | 290 |
Total outstanding principal |  |  | 6,413 |  |  |  | 6,545 |
Less: unamortized financing costs and discount – Nexstar Term Loan A, due June 2030 |  |  | (6 | ) |  |  | - |
Less: unamortized financing costs and discount – Nexstar Term Loan A, due June 2027 |  |  | - |  |  |  | (4 | )
Less: unamortized financing costs and discount – Nexstar Term Loan B, due June 2032 |  |  | (21 | ) |  |  | - |
Less: unamortized financing costs and discount – Nexstar Term Loan B, due September 2026 |  |  | - |  |  |  | (14 | )
Add: unamortized premium, net of financing costs – Nexstar 5.625% Notes, due July 2027 |  |  | 2 |  |  |  | 2 |
Less: unamortized financing costs and discount – Nexstar 4.75% Notes, due November 2028 |  |  | (4 | ) |  |  | (5 | )
Less: unamortized financing costs and discount – Mission Term Loan B, due June 2028 |  |  | (1 | ) |  |  | (1 | )
Total outstanding debt |  |  | 6,383 |  |  |  | 6,523 |
Less: current portion |  |  | (108 | ) |  |  | (124 | )
Long-term debt, net of current portion |  | $ | 6,275 |  |  | $ | 6,399 |

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