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Strategies & Market Trends : Value Investing

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E_K_S

To: E_K_S who wrote (74195)	2/6/2024 9:09:54 AM
From: Sean Collett	1 Recommendation Read Replies (1) of 78751

E_K_S, GTN announced they are going to try to refinance their $1.19B and extended the loan maturity from 2026 to 2029 and their $500MM revolver due 2026 to 2027. Since nothing is finalized there are no details on interest rates but one can only assume they're going up. Where they could land based on guidance for 4th quarter. $21M cash on hand which is lower than I would like but they're expecting to get $110M in pre-tax cash from proceeds of selling Broadcast Music; they expect this to close in Q1 2024. GTN has been good to me as an investment. I got back in at $8.90/s on 01/04/2024 so I plan to hold this until the end of the year. Earnings officially release on 2/23/24 so will see how things start shaping up. -Sean

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