debt
confidence high
sentiment neutral
materiality 0.60
Gray Television launches cash tender offer for its $700M 5.875% Senior Notes due 2026
GRAY MEDIA, INC
- Tender offer for any and all of the $700M principal 5.875% Senior Notes due 2026.
- Total Consideration of $1,000 per $1,000 principal, including a $30 early tender premium.
- Early Tender Date is June 3, 2024; Expiration Date is June 17, 2024.
- Early settlement expected June 4; final settlement expected June 18, subject to conditions.
- Offer conditioned on Gray obtaining sufficient financing on acceptable terms.