Gray Television Announces Commencement of Proposed $1.6 Billion Refinancing Process and a Further Increase to its Revolving Credit Facility [Yahoo! Finance]
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Gray Television, Inc. (GTN)
Last gray television, inc. earnings: 2/27 06:30 am
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Source: Yahoo! Finance
of a refinancing process for its existing $1.15 billion term loan due 2026 and up to $450 million of its 5.875% senior notes due 2026, with the goal of extending a significant portion of its near-term debt maturities. Overall, the Company is targeting refinancing that outstanding debt with approximately $750 million of new senior secured term loans maturing in 2029 and approximately $750 million of additional senior secured debt, together with cash on hand and borrowings of approximately $100 million under its revolving credit facility due 2027. In addition, Gray announced that it has received commitments to increase its revolving credit facility maturing on December 31, 2027, from $552.5 million to $680 million. Upon closing of this upsized revolver, Gray intends to terminate a separate $72.5 million revolving credit facility maturing on December 1, 2026. Upon completion of these latest revolver transactions, and in combination with the February 2024 upsizing and extension of its r
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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