Gray Television-Gray Announces Closing of Offering of $1.25 Billion of 10.500% Senior Secured First Lien Notes due 2029

Atlanta, June 03, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today that it has completed its previously announced offering of $1.25 billion aggregate principal amount of 10.500% senior secured first lien notes due 2029 (the “Notes”). The Notes were issued at par. The net proceeds from the Notes are being used, together with the net proceeds of up to$ 500 million of a new tranche F term loan and availability under its revolving credit facility, both under the Company’s Seni ...