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Debt (Tables)
 6 Months Ended
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 June 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