April 21 (Reuters) - Gray Television Inc on
Wednesday sold $365 million of senior secured second lien notes
in the 144a private placement market, said IFR, a Thomson
Reuters service.
Bank of America Merrill Lynch, Wells Fargo Securities and Citadel Securities were the joint bookrunning managers for the sale.
BORROWER: GRAY TELEVISION INC
AMT $365 MLN COUPON 10.5 PCT MATURITY 6/29/2015 TYPE SR 2ND LIEN ISS PRICE 98.085 FIRST PAY 11/1/2010 MOODY'S Caa2 YIELD 11.0 PCT SETTLEMENT 4/29/2010 S&P TRIPLE-C SPREAD 850 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 2.5 YRS*
*MAKE-WHOLE-CALL 50 BPS
Keywords: GRAYTELEVISION DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Bank of America Merrill Lynch, Wells Fargo Securities and Citadel Securities were the joint bookrunning managers for the sale.
BORROWER: GRAY TELEVISION INC
AMT $365 MLN COUPON 10.5 PCT MATURITY 6/29/2015 TYPE SR 2ND LIEN ISS PRICE 98.085 FIRST PAY 11/1/2010 MOODY'S Caa2 YIELD 11.0 PCT SETTLEMENT 4/29/2010 S&P TRIPLE-C SPREAD 850 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 2.5 YRS*
*MAKE-WHOLE-CALL 50 BPS
Keywords: GRAYTELEVISION DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.