Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Long Term Debt

Long-term debt consisted of the following, as of December 31 (dollars in millions):

	2022			2021
Nexstar
Term Loan A, due October 2023	$	-		$	485.4
Team Loan A, due September 2024		-			604.4
Term Loan A, due June 2027		2,364.4			-
Term Loan B, due January 2024		-			595.0
Term Loan B, due September 2026		1,561.3			2,644.3
5.625% Notes, due July 2027		1,713.8			1,785.0
4.75% Notes, due November 2028		1,000.0			1,000.0
Mission
Term Loan B, due June 2028		296.3			299.3
Revolving loans, due June 2027		61.5			-
Revolving loans, due October 2023		-			61.5
Total outstanding principal		6,997.3			7,474.9
Less: unamortized financing costs and discount - Nexstar Term Loan A, due October 2023		-			(1.1	)
Less: unamortized financing costs and discount - Nexstar Term Loan A, due September 2024		-			(5.1	)
Less: unamortized financing costs and discount - Nexstar Term Loan A, due June 2027		(8.3	)		-
Less: unamortized financing costs and discount - Nexstar Term Loan B, due January 2024		-			(5.6	)
Less: unamortized financing costs and discount - Nexstar Term Loan B, due September 2026		(32.6	)		(42.8	)
Add: unamortized premium, net of financing costs - Nexstar 5.625% Notes, due July 2027		4.2			5.2
Less: unamortized financing costs and discount - Nexstar 4.75% Notes, due November 2028		(7.1	)		(8.1	)
Less: unamortized financing costs and discount - Mission Term Loan B, due June 2028		(2.0	)		(2.3	)
Total outstanding debt		6,951.5			7,415.1
Less: current portion		(124.3	)		(47.2	)
Long-term debt, net of current portion	$	6,827.2		$	7,367.9

Principal Maturities of Debt

The scheduled principal maturities of the Company’s debt as of December 31, 2022 are summarized as follows (in millions):

2023	$	124.3
2024		124.3
2025		124.3
2026		1,685.5
2027		3,657.7
Thereafter		1,281.2
	$	6,997.3