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New Issue-Gray Television sells $365 mln notes
April 21, 2010 / 9:43 PM / 7 years ago

New Issue-Gray Television sells $365 mln notes

  April 21 (Reuters) - Gray Television Inc (GTN.N) on Wednesday sold $365 million of senior secured second lien notes in the 144a private placement market, said IFR, a Thomson Reuters service.
  Bank of America Merrill Lynch, Wells Fargo Securities and Citadel Securities were the joint bookrunning managers for the sale. BORROWER: GRAY TELEVISION INC AMT $365 MLN       COUPON 10.5 PCT     MATURITY 6/29/2015  TYPE SR 2ND LIEN   ISS PRICE 98.085    FIRST PAY 11/1/2010 MOODY‘S Caa2       YIELD 11.0 PCT      SETTLEMENT 4/29/2010 S&P TRIPLE-C       SPREAD 850 BPS      PAY FREQ SEMI-ANNUAL FITCH N/A           MORE THAN TREAS    NON-CALLABLE 2.5 YRS* *MAKE-WHOLE-CALL 50 BPS                                    

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