CORRECTION: Gray Television Board Authorized Using $250M Of Available Liquidity To Repurchase Outstanding Indebtedness Through Dec 31, 2025
Portfolio Pulse from Benzinga Newsdesk
Gray Television's Board of Directors has authorized the use of up to $250 million of its available liquidity for the repurchase of its outstanding indebtedness, with this authorization valid through December 31, 2025.

May 07, 2024 | 11:35 am
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Gray Television's Board has authorized a significant amount of its liquidity to be used for debt repurchase, indicating a proactive approach to debt management.
This authorization to repurchase debt demonstrates Gray Television's commitment to reducing its leverage and improving its balance sheet, which is generally viewed positively by investors. The decision to allocate a substantial amount of liquidity towards debt reduction could signal confidence in the company's financial stability and future cash flows, potentially leading to a positive short-term impact on GTN's stock price.
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