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Gray Television ( (GTN) ) has issued an announcement.
On July 25, 2025, Gray Media, Inc. announced the completion of its offering of $775 million in 7.250% senior secured first lien notes due 2033. The proceeds from this issuance are being utilized to repay portions of the company’s existing term loans and revolving credit facility, as well as for general corporate purposes. This financial maneuver is expected to impact Gray’s debt structure by reducing outstanding liabilities and potentially enhancing its financial flexibility. The notes are governed by an indenture that includes covenants limiting certain financial activities, and they are guaranteed by Gray’s restricted subsidiaries.
The most recent analyst rating on (GTN) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Gray Television stock, see the GTN Stock Forecast page.
Spark’s Take on GTN Stock
According to Spark, TipRanks’ AI Analyst, GTN is a Neutral.
Gray Television’s overall stock score of 67 reflects a balanced view between strong financial performance and attractive valuation, countered by high leverage and mixed earnings results. The company’s strategic debt management and positive technical indicators provide a supportive backdrop, while macroeconomic uncertainties and revenue declines from the previous year remain concerns.
To see Spark’s full report on GTN stock, click here.
More about Gray Television
Gray Media, Inc. operates in the media industry, primarily focusing on television broadcasting. The company offers a range of media services and is known for its extensive network of television stations across the United States.
Average Trading Volume: 1,461,498
Technical Sentiment Signal: Hold
Current Market Cap: $575.6M
See more data about GTN stock on TipRanks’ Stock Analysis page.