Gray Shares Rise On Word Of Big Term Loan, Q3 Update


Press releases do matter when it comes to Wall Street investors.

Within seconds of the 11:06am Eastern distribution of an announcement fromĀ Gray TelevisionĀ that it has proposed a multibillion-dollar term loan, amended its current senior credit facility and updated its Q3 guidance, shares reversed course from an early dip and soared into positive territory.

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