Holders who tender Notes on or prior to the Consent Payment Deadline may withdraw such Notes at any time on or prior to the Consent Payment Deadline.In connection with the tender offer, the Issuers are also soliciting consents from the holders of the Notes for certain proposed amendments that would eliminate substantially all restrictive covenants, certain events of default and certain related provisions contained in the indenture governing the Notes. In addition, the proposed amendments will provide for the release of the liens on the collateral that secures the Issuers’ and the Company’s obligations with respect to the Notes. Adoption of the proposed amendments with respect to the Notes requires the consent of the holders of at least a majority of the outstanding principal amount of the Notes, except that adoption of the proposed amendments with respect to the release of the liens on the collateral requires the consent of the holders of at least 75% of the outstanding principal amount of the Notes. Holders who tender their Notes will be deemed to consent to all of the proposed amendments and holders may not deliver consents to the proposed amendments without tendering their Notes in the tender offer.
Nexstar Broadcasting And Mission Broadcasting Announce Launch Of Tender Offer And Consent Solicitation Of 8.875% Senior Secured Second Lien Notes Due 2017
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