Gray Television, now doing business under the Gray Media banner, announced following Wednesday’s Closing Bell on Wall Street that it has completed a series of transactions that collectively reduced the company’s principal amount of debt outstanding by $278 million since October 1 — bringing its total principal debt reduction to $519 million since the start of 2024.
As such, the Atlanta-headquartered company’s Board of Directors authorized an increase in its previously announced debt repurchase authorization, replenishing the authorization to a total of $250 million of available liquidity to repurchase its outstanding indebtedness.
