{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-002515","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.616905+00:00","generated_at":"2026-06-06T15:20:25.812144+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Gray TV updates Q4 guidance, proposes refinancing of $1.19B term loan, expects $110M from BMI sale","bullets":["Broadcasting revenue guidance $830-835M; total revenue $860-865M; broadcasting expenses $600-605M; corporate/admin $30-35M.","Proposes refinancing: extend $1.19B term loan maturity to July 2029 and $500M revolver to Dec 2027.","Expects ~$110M pre-tax proceeds from BMI sale, closing by end of Q1 2024, to be used for debt repayment or general purposes.","Anticipates total leverage ratio 5.60-5.65x as of Dec 31, 2023, with $21M cash and $6.21B total debt.","Records a $21M pre-tax non-cash impairment on certain pre-2023 investments."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-002515","json":"https://secwatch.observer/filing/0001437749-24-002515.json","markdown":"https://secwatch.observer/filing/0001437749-24-002515.md","text":"https://secwatch.observer/filing/0001437749-24-002515.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774924002515/0001437749-24-002515-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774924002515/gtn20240129_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T15:20:25.812144+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5b56368d9d627514135530ef7fea8d616fbfe6db","claim":"GRAY MEDIA, INC updated its the fourth quarter of 2023 guidance (reaffirmed).","evidence_excerpt":"Gray also announced updates to certain of its previously announced guidance for the fourth quarter of 2023, based on preliminary information available to date.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774924002515/0001437749-24-002515-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2023"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}