Brief: Gray Announces Private Offering Of Senior Secured Notes

Gray Media

20/05/2024 14:26

May 20 (Reuters) - Gray Television Inc  GTN.N :
    * GRAY ANNOUNCES PRIVATE OFFERING OF SENIOR SECURED NOTES
    * GRAY TELEVISION INC: INTENDS TO OFFER UP TO $1 BILLION
AGGREGATE
PRINCIPAL AMOUNT OF SENIOR SECURED FIRST LIEN NOTES DUE 2029
    * GRAY TELEVISION INC: EXPECTS TO INCUR UP TO $750 MILLION
OF NEW
TRANCHE F TERM LOAN WITH A MATURITY DATE IN 2029
    * GRAY TELEVISION INC: SEES TO INCREASE COMMITMENTS UNDER
EXISTING
REVOLVING CREDIT FACILITY TO $680 MILLION
    * GRAY TELEVISION INC: EXPECTS TO TERMINATE COMMITMENTS
UNDER A
$72.5 MILLION TRANCHE OF REVOLVING CREDIT FACILITY MATURING IN
2026

Source text for Eikon:  ID:nGNX3kRYzL 
Further company coverage:  GTN.N 

 ((Reuters.Briefs@thomsonreuters.com;))