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Gray Television, Inc. Reduces Interest Rate On $375 Million Term Loan.

Publication: PR Newswire
Publication Date: 01-JUN-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Gray Television, Inc. (NYSE: GTN; GTN.A) announced today that it has amended its existing senior credit facility to reduce the interest rate by 0.5% on its currently outstanding $375 million term loan. This amendment should result in annual interest savings of approximately $1.9 million.

The amendment also extends the...

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