Gray Television plans loan and/or capital markets deal for acquisition

By Sara Rosenberg

New York, July 24 – Gray Television Inc. plans to use new term loans, cash on hand and/or accessing the capital markets to fund the roughly $128 million acquisition of WJRT-TV and WTVG-TV from SJL Holdings LLC, according to a news release.

Closing is expected in the third or fourth quarter, subject to receipt of regulatory and other approvals.

Gray Television is an Atlanta-based television broadcast company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.