Gray Television, Inc. announced that it is proposing, subject to market and other conditions, to refinance and extend the maturity date of its revolving credit facility and term loan under its existing senior credit facility. Gray expects to refinance or extend its existing indebtedness through some or all of the following: - Extension of its revolving credit facility to February 2022 from the current July 2020 maturity and an increase in aggregate commitments to $100 million from the current $60 million; and Extension of the existing $556.4 million term loan maturity to February 2024 from the current June 2021 maturity. Wells Fargo Bank, N.A. is the administrative agent under Senior Credit Facility.