Moody’s raised Gray TV’s credit rating to B3 from Caa1...
Moody’s raised Gray TV’s credit rating to B3 from Caa1 following a proposed refinancing from the broadcaster. Gray said it plans to buy back up to $268.5 million of its 10.5 percent senior notes due 2015 and issue up to…
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$300 million of its 7.5 percent senior notes due 2020.