UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report: August 20, 2004 (Date of earliest event reported: August 13, 2004)
Mission Broadcasting, Inc.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
| | | | |
| Delaware | | 333-62916-02 | | 51-0388022 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
409 Lackawanna Avenue
Scranton, PA 18503
(Address of Principal Executive Offices, including Zip Code)
(570) 961-2222
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events and Required FD Disclosure.
On August 13, 2004, Mission Broadcasting, Inc. (“Mission”) entered into a first amendment (the “Amendment”) to its Second Amended and Restated Credit Agreement, dated as of December 30, 2003 among it, Bank of America, N.A., as Administrative Agent, Bear Stearns Corporate Lending Inc., as the Syndication Agent, Royal Bank of Canada, General Electric Capital Corporation and Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc., as the Co-Documentation Agents, and the several Banks parties thereto. The Amendment is filed as Exhibit 99.1 hereto.
The Amendment, among other things, permitted Mission to incur a term loan in the amount of $152,000,000 the proceeds of which were used to, (1) repay its Term Loan C in the amount of $139,300,000 (principal) and $653,781 (accrued interest thereon); and (2) repay its Revolver Loans in the amount of $12,000,000 (principal) and $58,267 (accrued interest thereon). Mission paid an amendment fee of $304,000 in connection with the Amendment.
On August 13, 2004, Nexstar Broadcasting Group, Inc., Nexstar Finance Holdings, Inc., Nexstar Broadcasting, Inc. (“Nexstar”) entered into a second amendment (the “Nexstar Amendment”) to their Third Amended and Restated Credit Agreement dated as of December 30, 2003, as amended by that certain First Amendment thereto, dated as of February 9, 2004 among them, Bank of America, N.A., as Administrative Agent, Bear Stearns Corporate Lending Inc., as the Syndication Agent, Royal Bank of Canada, General Electric Capital Corporation and Merrill Lynch Capital, a division of Merrill Lynch Business Financial Services Inc., as the Co-Documentation Agents, and the several Banks parties thereto.
As reported in its Current Report on Form 8-K filed August 19, 2004, the Nexstar Amendment, among other things, permitted Nexstar to incur a term loan in the amount of $83,000,000 the proceeds of which were used to, (1) repay its Term Loan C in the amount of $54,725,000 (principal) and $256,843 (accrued interest thereon); and (2) repay its Revolver Loans in the amount of $28,000,000 (principal) and $14,124 (accrued interest thereon).
Mission guarantees full payment of any obligations under Nexstar’s credit facility in the event of Nexstar’s default.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
| | |
Exhibit No.
| | Description
|
| 99.1 | | Consent and First Amendment to Credit Agreement |
SIGNATURES
According to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| | | | |
| | | MISSION BROADCASTING, INC. |
| | |
| | | By: | | /s/ David Smith
|
| Date: August 20, 2004 | | Name: | | David Smith |
| | | Title: | | President |
EXHIBIT INDEX
| | |
Exhibit No.
| | Description
|
| 99.1 | | Consent and First Amendment to Credit Agreement |
