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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 4/19/2010 in the Prospect News Bank Loan Daily, Prospect News Distressed Debt Daily, Prospect News High Yield Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Gray Television to repay loans, buy back preferreds via note proceeds

By Susanna Moon

Chicago, April 19 - Gray Television, Inc. said it plans to repay a portion of its term loans and repurchase some outstanding shares of its series D perpetual preferred stock.

The company said it will fund the repayment and buyback with proceeds from a $365 million private placement of senior secured second-lien notes due 2015.

Gray Television is an Atlanta-based television broadcast company.


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