Sept 24 Gray Television Inc on Monday
sold $300 million of senior notes in the 144a private placement
market, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally
planned $250 million.
Bank of America Merrill Lynch and Wells Fargo were the joint
bookrunning managers for the sale.
BORROWER: GRAY TELEVISION INC
AMT $300 MLN COUPON 7.5 PCT MATURITY 10/01/2020
TYPE SR NTS ISS PRICE 99.266 FIRST PAY 04/01/2013
MOODY'S Caa2 YIELD 7.625 PCT SETTLEMENT 10/09/2012
S&P CCC-PLUS SPREAD 634 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS