Gray Announces Closing of Term Loan and Revolving Credit Facility Refinancing
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Gray Television, Inc. (GTN)
Last gray television, inc. earnings: 2/27 06:30 am
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Source: GlobeNewswire
ATLANTA, June 04, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray” or the “Company”) (NYSE: GTN) announced today that it has closed a refinancing of its $1.15 billion term loan due in 2026 and upsizing of its revolving credit facility. The refinancing, among other things, provides a new $500 million tranche F term loan with a maturity date of June 4, 2029, increased aggregate commitments under the Company’s existing $552.5 million tranche of the revolving credit facility that matures on December 31, 2027 by $127.5 million, resulting in aggregate commitments under the revolving credit facility of $680 million, and a termination of the separate commitments under a $72.5 million tranche of the revolving credit facility that matures on December 1, 2026. With the completion of these refinancing efforts, Gray’s next debt maturity is expected to occur following the 2024 and 2026 political cycles, when its 7.00% Senior Notes mature in May 2027. In addition, in combination with the F
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GTN
Earnings
- 5/7/24 - Beat
GTN
Sec Filings
- 6/21/24 - Form 8-K
- 6/20/24 - Form S-8
- 6/18/24 - Form 8-K
- GTN's page on the SEC website