Gray announces proposed $1.5 billion incremental term loan and $500 million revolving credit facility; updates guidance for third quarter 2021

Atlanta, oct. 20, 2021 (globe newswire) -- gray television, inc. (“gray,” “we,” “us” or “our”) (nyse: gtn) announced today that in connection with its pending acquisition of the local media group of meredith corporation (“meredith lmg”), gray is proposing, subject to market and other conditions, to enter into an amendment and restatement of its existing senior credit facility (the “senior credit facility”). gray also announced updates to certain of its previously announced guidance for the third quarter of 2021, based on preliminary information available to date.
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