Nexstar Readies High-Grade Bond Sale to Fund $6 Billion Takeover

Photographer: Adam Gray/Bloomberg Nexstar Media Group Inc. is planning to tap the investment-grade bond market as soon as next week to help fund its proposed takeover of Tegna Inc. — a move that would potentially reduce borrowing costs for the deal. Bank of America Corp. has indicated to investors that Nexstar will get a second investment-grade rating from Fitch Ratings, allowing the potential high-grade bond offering to proceed, according to people familiar with the matter. Most Read from Bloomberg T ...