Gray Successfully Concludes $1.25 Billion Senior Secured Notes Offering

Monday, 3 June 2024, 12:00

Gray has completed a successful closing of its offering of $1.25 billion worth of senior secured first lien notes due in 2029, with a high interest rate of 10.500%. This significant financial move indicates the company's ability to access capital for expansion plans and strategic initiatives. Investors will closely monitor Gray's performance following this notable financing activity to gauge the impact on its financial health and market positioning.

https://store.livarava.com/165203b3-21bb-11ef-a3fa-9d5fa15a64d8.jpg — Gray Successfully Concludes $1.25 Billion Senior Secured Notes Offering

Gray Successfully Concludes $1.25 Billion Offering

Gray has successfully completed the closing of a significant offering worth $1.25 billion.

Key Highlights:

Amount: $1.25 billion
Notes Type: Senior Secured First Lien
Tenor: Due 2029
Interest Rate: 10.500%

This financing move signifies Gray's strategic approach to capital infusion for potential expansion and growth opportunities in the future.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Gray Successfully Concludes $1.25 Billion Offering

Key Highlights:

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