Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
GRAY MEDIA, INC incurred revolving credit of $300 million with Wells Fargo Bank, N.A. at one-month Secured Overnight Financing Rate plus 100 basis points maturing three years.
- Instrument
- revolving credit
- Principal
- $300 million
- Counterparty
- Wells Fargo Bank, N.A.
- Rate
- one-month Secured Overnight Financing Rate plus 100 basis points
- Maturity
- three years
- Event
- incurrence
Exact text from the filing
On February 23, 2023, Gray Television, Inc. (“Gray,” or the “Company”) and certain of its subsidiaries entered into a three-year $300 million revolving accounts receivable securitization facility (the “AR Facility”) with Wells Fargo Bank, N.A., as administrative agent (“Wells”)
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GRAY MEDIA, INC entered into AR Facility with Wells Fargo Bank, N.A. valued at $300 million (effective 2023-02-23).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, N.A.
- Value
- $300 million
- Effective
- 2023-02-23
Exact text from the filing
On February 23, 2023, Gray Television, Inc. (“Gray,” or the “Company”) and certain of its subsidiaries entered into a three-year $300 million revolving accounts receivable securitization facility (the “AR Facility”) with Wells Fargo Bank, N.A., as administrative agent (“Wells”) for the purpose of providing additional liquidity in order to repay indebtedness under the Company’s Senior Credit Facility (the “Senior Credit Facility”).
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