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Gray Television closes $800M debt offering

Oct. 19, 2020 12:21 PM ETGray Television, Inc. (GTN) StockGTNBy: Meghavi Singh, SA News Editor1 Comment
  • Gray Television (GTN -2.6%) says it has completed its previously announced offering of $800M of 4.750% senior notes due 2030.
  • The notes were issued at par. 
  • Interest on the notes is payable semiannually, on April 15 and October 15 of each year, commencing April 15, 2021.
  • Net proceeds will be used to redeem all of its outstanding $525M of 5.125% senior notes due 2024 and for general corporate purposes.

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