- In light of continued strong cash flow, for the second quarter in a row, Gray Television ( NYSE: GTN ) repaid debt and paid dividends.
- The company repaid principal payment of $100M under Gray’s 2017 Term Loan B (due 2024), as well as a required principal payment of $3.75M under the 2021 Term Loan D (due 2028) on September 30, 2022, and $20M in dividends to preferred and common shareholders, which were made earlier in the quarter.
- Gray ( GTN ) continues to anticipate that continued strong cash flow will enable the Company to fund additional de-leveraging and cash dividend payments throughout the remainder of this year.
- The Company expects to report its financial results for the quarter in approximately four weeks.
- Source: Press Release
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Gray repays debt