ATLANTA, June 04, 2024 (GLOBE NEWSWIRE) -- Gray Television, Inc. ("Gray") (NYSE:GTN) announced today the early tender results of its previously announced offer to purchase for cash (the "Tender Offer") any and all of its outstanding 5.875% Senior Notes due 2026 (the "Notes"), subject to certain terms and conditions set forth in the Offer to Purchase dated May 20, 2024 (the "Offer to Purchase"). According to information provided by D.F. King & Co., Inc., the Information Agent and Tender Agent for the Tender Offer, as of 11:59 p.m., New York City time, on June 3, 2024 (such date and time, the "Early Tender Date"), Gray had received valid and not withdrawn tenders from registered holders (each, a "Holder" and collectively, the "Holders") of $690,032,000 aggregate principal amount outstanding of the Notes. Withdrawal rights expired at 11:59 p.m., New York City Time, on June 3, 2024. Holders of the Notes who validly tendered and did not withdraw their Notes prior to the Early Tender Date will receive the "Total Consideration" for the Notes, which is $1,000.00 per $1,000.00 principal amount of Notes tendered. The Total Consideration includes the early tender premium for the Notes of $30.00 per $1,000.00 principal amount of Notes tendered (the "Early Tender Premium"). Gray expects that the Early Settlement Date will be today, the first business day after the Early Tender Date (the "Early Settlement Date"). In addition, Holders whose Notes were accepted for purchase at or prior to the Early Tender Date will also receive accrued and unpaid interest up to, but not including, the Early Settlement Date. All conditions of the Tender Offer were satisfied or waived by Gray at the Early Tender Date. Gray has elected to exercise its right to make payment for the Notes that were validly tendered at or prior to the Early Tender Date and that are accepted for purchase on the Early Settlement Date. The following table sets forth the principal amount of the Notes outstanding, the principal amount of Notes tendered at the Early Tender Date and the aggregate amount of Notes accepted for purchase by Gray: Title of Security   CUSIP Numbers   PrincipalAmountOutstanding   Principal AmountTendered at Early