Long Term Debt |
Long-term debt consisted of the following, as of December 31 (in thousands):
|
|
2020 |
|
|
2019 |
|
Nexstar |
|
|
|
|
|
|
|
|
Term Loan A, due October 26, 2023 |
|
$ |
485,400 |
|
|
$ |
788,070 |
|
Team Loan A, due September 19, 2024 |
|
|
625,850 |
|
|
|
675,000 |
|
Term Loan B, due January 17, 2024 |
|
|
874,992 |
|
|
|
1,138,580 |
|
Term Loan B, due September 18, 2026 |
|
|
2,644,315 |
|
|
|
3,065,000 |
|
5.625% Notes, paid in 2020 |
|
|
- |
|
|
|
900,000 |
|
5.625% Notes, due July 15, 2027 |
|
|
1,785,000 |
|
|
|
1,785,000 |
|
4.75% Notes, due November 1, 2028 |
|
|
1,000,000 |
|
|
|
- |
|
Mission |
|
|
|
|
|
|
|
|
Revolving loans, due October 26, 2023 |
|
|
327,000 |
|
|
|
- |
|
Term Loan B, paid in 2020 |
|
|
- |
|
|
|
226,242 |
|
Shield |
|
|
|
|
|
|
|
|
Term Loan A, paid in 2020 |
|
|
- |
|
|
|
21,811 |
|
Total outstanding principal |
|
|
7,742,557 |
|
|
|
8,599,703 |
|
Less: unamortized financing costs and discount - Nexstar Term Loan A due 2023 |
|
|
(1,584 |
) |
|
|
(3,447 |
) |
Less: unamortized financing costs and discount - Nexstar Term Loan A due 2024 |
|
|
(7,102 |
) |
|
|
(9,511 |
) |
Less: unamortized financing costs and discount - Nexstar Term Loan B due 2024 |
|
|
(12,136 |
) |
|
|
(20,489 |
) |
Less: unamortized financing costs and discount - Nexstar Term Loan B due 2026 |
|
|
(50,644 |
) |
|
|
(67,404 |
) |
Less: unamortized financing costs and discount - Nexstar 5.625% Notes paid in 2020 |
|
|
- |
|
|
|
(9,955 |
) |
Add: unamortized premium, net of financing costs - Nexstar 5.625% Notes due 2027 |
|
|
5,997 |
|
|
|
7,121 |
|
Less: unamortized financing costs and discount - Nexstar 4.75% Notes due 2028 |
|
|
(9,085 |
) |
|
|
- |
|
Less: unamortized financing costs and discount - Mission Term Loan B paid in 2020 |
|
|
- |
|
|
|
(3,177 |
) |
Less: unamortized financing costs and discount - Shield Term Loan A paid in 2020 |
|
|
- |
|
|
|
(253 |
) |
Total outstanding debt |
|
|
7,668,003 |
|
|
|
8,492,588 |
|
Less: current portion |
|
|
(21,429 |
) |
|
|
(109,310 |
) |
Long-term debt, net of current portion |
|
$ |
7,646,574 |
|
|
$ |
8,383,278 |
|
|
Maturities of Debt |
The scheduled maturities of the Company’s debt, excluding the unamortized financing costs, discounts and premium, as of December 31, 2020 are summarized as follows (in thousands):
2021 |
|
$ |
21,429 |
|
2022 |
|
|
44,170 |
|
2023 |
|
|
879,900 |
|
2024 |
|
|
1,367,742 |
|
2025 |
|
|
- |
|
Thereafter |
|
|
5,429,316 |
|
|
|
$ |
7,742,557 |
|
|