Gray Television Makes Significant Progress on Debt Reduction and Replenishes Authorization for Additional Debt Reduction
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Gray Television has reduced its debt by $278 million since October 2024, totaling $519 million in debt reduction for the year. The company has also replenished its debt repurchase authorization to $250 million, which is expected to lower future cash interest expenses.
November 20, 2024 | 10:00 pm
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Gray Television has significantly reduced its debt by $278 million since October 2024, totaling $519 million for the year. The company has replenished its debt repurchase authorization to $250 million, which is expected to lower future cash interest expenses.
The significant reduction in debt and replenishment of debt repurchase authorization indicates a strong financial position for Gray Television. This move is likely to reduce future interest expenses, positively impacting the company's financial health and potentially boosting investor confidence.
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