05:36 PM EDT, 06/04/2024 (MT Newswires) -- Gray Television ( GTN ) said late Tuesday it closed a refinancing of its $1.15 billion term loan due in 2026 and upsized its revolving credit facility.

The refinancing provides a new $500 million tranche F term loan with a maturity date of June 4, 2029, increased commitments under its existing $552.5 million tranche of the revolving credit facility that matures Dec. 31, 2027, by $127.5 million, among other things, the company said.

Gray said it has now upsized its total capacity under, and extended, its revolver to $680 million with a maturity date of Dec. 31, 2027, from $500 million with varying maturity dates in 2026.