Gray Announces Upsizing and Pricing of $750.0 Million Notes

11/1/18

Atlanta, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Gray Television, Inc. (NYSE: GTN and GTN.A) announced today the pricing of its previously announced private offering of $750.0 million aggregate principal amount of 7.0% senior notes due 2027 (the “Notes”) by Gray Escrow, Inc., a special purpose wholly owned subsidiary of Gray (the “Escrow Issuer”). This represents an increase of $250.0 million over the amount previously announced. The Notes were priced at 100% of par. The offering of the Notes is expected to close on November 16, 2018, subject to customary closing conditions, at which time the proceeds of the offering will be funded into an escrow account.

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