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Gray Television Inc (GTN.N)

GTN.N on New York Stock Exchange

16.93USD
14 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Gray Announces Upsizing And Pricing Of $750.0 Mln Of 7.0% Senior Notes Due 2027
Friday, 2 Nov 2018 

Nov 1 (Reuters) - Gray Television Inc ::GRAY ANNOUNCES UPSIZING AND PRICING OF $750.0 MILLION OF 7.0% SENIOR NOTES DUE 2027.GRAY TELEVISION INC - UPSIZE REPRESENTS AN INCREASE OF $250.0 MILLION OVER AMOUNT PREVIOUSLY ANNOUNCED.  Full Article

Gray announces private offering of senior notes
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Gray Television Inc ::GRAY ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES.GRAY TELEVISION INC - INTENDS TO OFFER UP TO $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2027.GRAY TELEVISION INC - NOTES ARE BEING OFFERED TO FINANCE, TOGETHER WITH CASH ON HAND AND ANTICIPATED DEBT FACILITIES AND INDEBTEDNESS OF GRAY.GRAY TELEVISION INC - NOTES ARE BEING OFFERED TO FINANCE ACQUISITION OF RAYCOM MEDIA INC.  Full Article

Gray Updates Guidance For Third Quarter 2018
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Gray Television Inc ::GRAY ANNOUNCES PROPOSED $2.15 BILLION INCREMENTAL TERM LOAN AND AMENDMENT TO ITS CURRENT SENIOR CREDIT FACILITY; UPDATES GUIDANCE FOR THIRD QUARTER 2018.GRAY TELEVISION INC - ANNOUNCED UPDATES TO CERTAIN OF ITS PREVIOUSLY ANNOUNCED GUIDANCE FOR Q3 OF 2018.GRAY TELEVISION INC - AMEND CERTAIN TERMS OF ITS REVOLVING CREDIT FACILITY, INCREASE AMOUNT AVAILABLE UNDER REVOLVER FROM $100 MILLION TO $200 MILLION.GRAY TELEVISION INC - EXTEND MATURITY OF CREDIT FACILITY FROM FEBRUARY 2022 TO OCTOBER 2023.GRAY TELEVISION INC SEES Q3 2018 OPERATING REVENUE $278 MILLION TO $280 MILLION.GRAY TELEVISION-TO AMEND CREDIT FACILITY THAT WOULD INCUR ADDITIONAL 7-YEAR INCREMENTAL TERM LOAN TO FINANCE, IN PART, PREVIOUSLY SAID RAYCOM MEDIA DEAL.  Full Article

Gray Television Reaches Agreement In Principle With NBC Network
Friday, 21 Sep 2018 

Sept 20 (Reuters) - Gray Television Inc ::GRAY TELEVISION REACHES AGREEMENT IN PRINCIPLE TO RENEW ALL GRAY NBC AFFILIATIONS NATIONWIDE.GRAY TELEVISION - REACHED AGREEMENT IN PRINCIPLE WITH NBC NETWORK THAT EXTENDS AND RENEWS ALL OF GRAY'S EXISTING NBC NETWORK AFFILIATIONS.  Full Article

Tegna To Acquire The Leading Television Stations Wtol In Toledo, Oh, And Kwes In Odessa-Midland, Tx
Tuesday, 21 Aug 2018 

Aug 20 (Reuters) - Tegna Inc ::TEGNA TO ACQUIRE THE LEADING TELEVISION STATIONS WTOL IN TOLEDO, OH, AND KWES IN ODESSA-MIDLAND, TX.TEGNA INC - DEAL FOR $105 MILLION IN CASH.TEGNA INC - TRANSACTION WILL HAVE NO MATERIAL IMPACT ON TEGNA'S LEVERAGE.TEGNA INC - TEGNA EXPECTS TRANSACTION TO BE ACCRETIVE TO EPS IN LESS THAN A YEAR AFTER CLOSE AND IMMEDIATELY ACCRETIVE TO FREE CASH FLOW.TEGNA INC - WILL FINANCE DEAL THROUGH USE OF AVAILABLE CASH AND BORROWING UNDER ITS EXISTING CREDIT FACILITY.TEGNA - AGREEMENT WITH GRAY TELEVISION TO ACQUIRE LOCAL STATIONS WTOL, CBS AFFILIATE IN TOLEDO, OH, & KWES, NBC AFFILIATE IN ODESSA-MIDLAND, TX.  Full Article

Gray And Raycom To Combine In A $3.6 Bln Transaction
Monday, 25 Jun 2018 

June 25 (Reuters) - Gray Television Inc ::GRAY AND RAYCOM TO COMBINE IN A $3.6 BILLION TRANSACTION.GRAY TELEVISION INC - RAYCOM TRANSACTION WILL BE SUBSTANTIALLY ACCRETIVE ON A FREE CASH FLOW PER SHARE BASIS.GRAY TELEVISION- DEAL CONSIDERATION WILL CONSIST OF $2.85 BILLION IN CASH,$650 MILLION IN NEW SERIES OF PREFERRED STOCK, & 11.5 MILLION SHARES OF GRAY STOCK.GRAY TELEVISION INC - TRANSACTION HAS BEEN APPROVED UNANIMOUSLY BY BOARDS OF DIRECTORS OF BOTH GRAY AND RAYCOM.GRAY TELEVISION INC - DEAL VALUE CONSISTS OF $3.547 BILLION IN ENTERPRISE VALUE AND $100 MILLION OF RAYCOM CASH.GRAY TELEVISION INC - TRANSACTION HAS BEEN APPROVED UNANIMOUSLY BY BOARDS OF DIRECTORS OF BOTH GRAY AND RAYCOM.GRAY TELEVISION INC - WELLS FARGO HAS UNDERWRITTEN DEBT FINANCING PORTION OF TRANSACTION IN AMOUNT OF $2.525 BILLION.GRAY TELEVISION INC - GRAY SHAREHOLDERS WILL RETAIN 89 PERCENT OF ECONOMIC OWNERSHIP OF COMPANY FOLLOWING DEAL CLOSING.GRAY TELEVISION INC - RAYCOM HAS INITIATED PROCESSES TO SELL OR SPIN OFF COMMUNITY NEWSPAPER HOLDINGS, INC AS WELL AS PURECARS.GRAY TELEVISION - ELECTED TO DIVEST TELEVISION STATIONS IN 9 OVERLAP MARKETS RATHER THAN SEEK REGULATORY APPROVALS OF CERTAIN COMBINATIONS IN CERTAIN MARKETS.GRAY TELEVISION INC - UPON DEAL CLOSE, RAYCOM PRESIDENT AND CEO, PAT LAPLATNEY, WILL BECOME GRAY'S PRESIDENT AND CO-CHIEF EXECUTIVE OFFICER.GRAY TELEVISION INC - UPON DEAL CLOSE, HILTON HOWELL WILL BECOME EXECUTIVE CHAIRMAN AND CO-CHIEF EXECUTIVE OFFICER OF GRAY.  Full Article

Gray Agrees To Acquire Kdlt-TV For $32.5 Million In Cash
Wednesday, 2 May 2018 

May 1 (Reuters) - Gray Television Inc ::GRAY AGREES TO ACQUIRE KDLT-TV IN SIOUX FALLS, SOUTH DAKOTA.GRAY TELEVISION INC - DEAL FOR $32.5 MILLION IN CASH.GRAY TELEVISION INC - GRAY ANTICIPATES THAT ACQUISITION WILL BE IMMEDIATELY FREE CASH FLOW ACCRETIVE.GRAY TELEVISION INC - GRAY PLANS TO FINANCE TRANSACTION WITH CASH ON HAND.GRAY TELEVISION - REACHED AGREEMENT WITH RED RIVER BROADCASTING CO TO ACQUIRE KDLT-TV, NBC AFFILIATE FOR SIOUX FALLS.  Full Article

Gray Television prices public offering of common stock
Thursday, 30 Nov 2017 

Nov 29 (Reuters) - Gray Television Inc ::GRAY TELEVISION PRICES PUBLIC OFFERING OF COMMON STOCK.‍PRICED PREVIOUSLY ANNOUNCED UNDERWRITTEN PUBLIC OFFERING OF 15 MILLION SHARES OF ITS COMMON STOCK, AT $14.50 PER SHARE​.  Full Article

Gray Television Announces Proposed Offering Of Its Common Stock
Tuesday, 28 Nov 2017 

Nov 27 (Reuters) - Gray Television Inc ::GRAY TELEVISION ANNOUNCES PROPOSED OFFERING OF ITS COMMON STOCK.GRAY TELEVISION INC - ‍COMMENCED AN UNDERWRITTEN PUBLIC OFFERING, SUBJECT TO MARKET AND OTHER CONDITIONS, OF 15 MILLION SHARES OF ITS COMMON STOCK​.GRAY TELEVISION - ‍ EXPECT TO PLACE PROCEEDS TO PURCHASE ADDITIONAL SHARES, IN CORPORATE TREASURY FOR GENERAL CORPORATE PURPOSES​.  Full Article

‍Darsana Capital Partners reports a 6.29 pct passive stake in Gray Television ​
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Gray Television Inc :‍Darsana Capital Partners reports a 6.29 pct passive stake in as of Nov 1 - SEC filing ​.  Full Article

U.S. requires divestitures in Gray Television, Raycom merger

WASHINGTON The U.S. Justice Department said on Friday it would require Gray Television Inc and privately held broadcaster Raycom Media Inc to divest broadcast stations in nine markets as a condition for their $3.6 billion merger.