Nexstar Broadcasting Group, Inc. 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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