Gray Television pays down $53.75 million of term loan debt

By Wendy Van Sickle

Columbus, Ohio, April 5 – Gray Television Inc. completed a series of debt principal payments totaling $53.75 million, including $50 million of voluntary payments, the company reported in a news release Friday.

The payments comprised a required principal payment of $3.75 million on March 29 under its term loan D due 2028, a voluntary prepayment of the three remaining 2024 required quarterly principal payments due on the term loan D totaling $11.25 million on April 1 and a voluntary principal payment of $38.75 million on April 1 under Gray’s term loan E.

Gray Television is an Atlanta-based 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.