Cases & Deals

Gray Television completes $725 million notes offering and concurrent tender offer

Clients Gray Television, Inc.

Jones Day advised Gray Television, Inc., a television broadcasting company headquartered in Atlanta, Georgia, that owns and operates television stations in 51 television markets, in connection with the issuance of $725 million in aggregate principal amount of Senior Notes consisting of $525 million of 5.125% Senior Notes due 2024 and $200 million of add-on 5.875% Senior Notes due 2026 in a Rule 144A and Regulation S offering. Jones Day also advised Gray Television in its concurrent tender offer for any and all, and related redemption, of its $675 million in aggregate principal amount of 7½% Senior Notes due 2020.