Gray Television has completed a series of debt principal payments totaling $53.75 million.
These payments were comprised of:
- a required principal payment of $3.75 million on March 29, 2024, under its Term Loan D (due 2028)
- a voluntary prepayment of the three remaining 2024 required quarterly principal payments totaling $11.25 million on April 1, under its Term Loan D (due 2028)
- a voluntary principal payment of $38.75 million on April 1, under Gray’s Term Loan E (due 2026).
Gray shares as of 12:42pm Eastern on Friday were trading just below $6 per share, off 2% from Thursday’s closing price.
