On October 20, RBR+TVBR reported that Gray Television is amending and restating its senior credit facility while concurrently seeking an additional incremental term loan valued at $1.5 billion.
The broadcast TV station owner plans to use the funds to help pay for its merger with Meredith Local Media. On Monday, Gray had more to say regarding how it will handle the final bill for those Meredith television properties, with its formal announcement of a new senior note offering.
