secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001437749-23-007394
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gray TV refinances $1.1895B term loan, swaps LIBOR for Term SOFR via cashless exchange
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- First Amendment replaces LIBOR with Term SOFR for $1,189,500,000 Term Loan C, exchanged for Term Loan E.
- Term Loan E carries applicable margin of 2.50% (Term SOFR) or 1.50% (Base Rate), matures Jan 2, 2026.
- Term B-2 Loan paid in full in cash on amendment effective date.
- Early Opt-In Election also transitions revolving loans and Term D loans to Term SOFR.
- No change to total outstanding debt; cashless settlement between Term C and Term E lenders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774923007394/0001437749-23-007394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774923007394/gtn20230317_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-007394

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