Previous close | 0.1500 |
Open | 0.1000 |
Bid | 0.0000 |
Ask | 0.1000 |
Strike | 5.00 |
Expiry date | 2024-06-21 |
Day's range | 0.1000 - 0.1500 |
Contract range | N/A |
Volume | |
Open interest | 20 |
ATLANTA, May 23, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. (“Gray”) (NYSE: GTN) announced today the pricing of its previously announced private offering of $1.25 billion aggregate principal amount of 10.500% senior secured first lien notes due 2029 (the “Notes”). This represents an increase of $250 million over the amount previously announced. The Notes were priced at 100% of par. The offering of the Notes is expected to close on June 3, 2024, subject to customary closing conditions and the
Radio and television broadcast companies like NFLX, GTN and SSP benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues.
The consensus price target hints at a 102% upside potential for Gray Television (GTN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.