Gray Media Expands Term Loan G By $75M; Expected To Be Used With Cash On Hand To Redeem $150M Of Its 0.500% Senior Secured Notes Due 2029
Gray Media, Inc. ("Gray") (NYSE:GTN) announced today that it has entered into an incremental amendment to its credit agreement to increase its $600 million term loan due July 15, 2030 (the "Term Loan G")
Gray Media borrowed an extra $75 million to pay back older debt early. This kind of financial rearranging can mean the company is managing its money carefully, or it could mean debt is becoming harder to handle.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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