Gray Announces Private Offering of Senior Secured Notes

In connection with the offering of notes, Gray expects to (i) incur up to $750 million of a new tranche F term loan with a maturity date in 2029, (ii) increase the aggregate commitments under its existing$625 million revolving credit facility by $55 million, resulting in aggregate commitments under the revolving credit facility of$680 million and (iii) terminate commitments under a $72.5 million tranche of the revolving credit facility maturing in 2026 (collectively, the "Credit Agreement Refinancing"). T ...