Gray Television Board Boosts Debt Repurchase Authorization

Gray Television board approves an increase in previously announced debt repurchase authorization.

• Brings the authorization to $250m of available liquidity for debt repurchases
• Gray completed transactions since Oct. 1 that reduced its principal amount of debt by $278m, bringing total reduction since Jan. 1 to $519m
• NOTE: Nov. 8, Gray TV Bonds Slump After 3Q Results, Forecast

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