Granite deb swap offer completed

Granite Broadcasting Corp. said it has completed its offer to exchange its publicly registered 12.75% senior subordinated debentures due Sept. 1, 2002.

As reported, Granite Broadcasting had extended the exchange offer to Jan. 13, from Dec. 31, at which time $ 58.5 million of the debentures had been tendered for exchange.

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    Granite Broadcasting Corp. said it has completed its offer to exchange its publicly registered 12.75% senior subordinated debentures due Sept. 1, 2002. As reported, Granite Broadcasting had extended the exchange offer to Jan. 13, from Dec. 31, at which time $ 58.5 million of the debentures had been tendered for exchange.

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