Gray Television announced Wednesday that it has priced its previously announced public offering of 15 million shares of common stock at $14.50 per share. The offering is expected to close on Dec. 4. Gross proceeds are expected to be approximately $217.5 million (or approximately $250.1 million if the underwriters exercise their option to purchase additional shares). Gray said it intends to use the proceeds for, among other things, repayment of outstanding debt, capital expenditures, financing possible business expansions and acquisitions, increasing working capital and financing ongoing operating expenses and overhead.
April 25, 2024
Editor on Duty: Mark K. Miller
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Comments (1)
Cheryl Thorne says:
November 30, 2017 at 8:34 am
For what ????an overpriced stock and mediocre talent running their stations???Joke!!!