Gray Television pays down debt under two term loans in Q3

By Marisa Wong

Los Angeles, Oct. 3 – Gray Television, Inc. announced a voluntary principal payment of $100 million under its 2017 term loan B due 2024, as well as a required principal payment of $3.75 million under its 2021 term loan D due 2028.

Both payments were made on Sept. 30, according to a Monday press release.

The company also announced it paid $20 million of cash dividends to its preferred and common shareholders earlier in the quarter.

The company said it continues to anticipate that continued strong cash flow will enable it to fund additional deleveraging and cash dividend payments throughout the remainder of this year.

Gray Television is an Atlanta-based broadcast company.

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