Gray Television Makes Significant Progress on Debt Reduction and Replenishes Authorization for Additional Debt Reduction
Gray Television, Inc. (GTN)
Last gray television, inc. earnings: 2/27 06:30 am
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Source: GlobeNewswire
ATLANTA, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray,” “Gray Media,” the “Company,” “we,” “us” or “our”) (NYSE: GTN) has completed a series of transactions that collectively reduced the Company’s principal amount of debt outstanding by $278 million since October 1, 2024, bringing the Company’s total principal debt reduction to $519 million since January 1, 2024. Accordingly, our Board of Directors today has authorized an increase in our previously announced debt repurchase authorization, replenishing the authorization to a total of $250 million of available liquidity to repurchase our outstanding indebtedness. We anticipate that the meaningful reduction in our outstanding debt this year will result in a significant reduction of cash interest expense going forward. Through various recently completed transactions since November 8, 2024, we have used approximately $204 million of cash on hand to repurchase and retire approximately $239 million of principal amount
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GTN
Earnings
- 11/8/24 - Miss
GTN
Sec Filings
- 12/18/24 - Form 4
- 12/11/24 - Form 144
- 12/3/24 - Form 4
- GTN's page on the SEC website