Gray closes Hoak deal; completes refinancing

By on Jun, 13 2014 with Comments 0

Gray-TelevisionGray Television has completed its buy of 12 stations and programming of three additional television stations from Hoak Media and Parker Broadcasting. In addition, Gray completed the refinancing of its senior credit facility, which now consists of a seven-year $525 million term loan facility and a five-year $50 million revolving credit facility. 

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About The Author: Carl has been with RBR-TVBR since 1997 and is currently Managing Director/Senior Editor. Residing in Northern Virginia, he covers the business of broadcasting, advertising, programming, new media and engineering. He’s also done a great deal of interviews for the company and handles our ever-growing stable of bylined columnists.

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