Brief: Gray Announces Proposed Refinancing of Senior Credit Facilities, Updates Guidance for Q4 2023

Gray Media

30/01/2024 12:26

Jan 30 (Reuters) - Gray Television Inc  GTN.N :
    * GRAY ANNOUNCES PROPOSED REFINANCING OF SENIOR CREDIT
FACILITIES,
UPDATES GUIDANCE FOR FOURTH QUARTER 2023, AND ANNOUNCES
ANTICIPATED PROCEEDS FROM SALE OF BMI
    * GRAY TELEVISION-COMMENCED PROCESS THROUGH WHICH IT EXPECTS
TO
AMEND SOME TERMS OF $1.19 BILLION TERM LOAN AND $500 MILLION
REVOLVING CREDIT FACILITY DUE 2026
    * : SEES Q4 TOTAL REVENUE (LESS AGENCY COMMISSIONS) IN RANGE
OF
$860MLN TO $865 MILLION
    * Q4 REVENUE VIEW $862.4 MILLION -- LSEG IBES DATA
    * GRAY TELEVISION: REFINANCING INCLUDES EXTENDING MATURITY
OF ITS
$1.19 BILLION TERM LOAN TO JULY 2029 & $500 MILLION REVOLVING
CREDIT FACILITY TO DEC 2027

Source text for Eikon:  ID:nGNX1NGMxZ 
Further company coverage:  GTN.N 

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