{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-004641","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2024-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.617104+00:00","generated_at":"2026-06-05T23:29:48.628524+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Gray upsizes revolver to $625M, extends maturity, postpones $1.19B term loan refi, gets $110M BMI proceeds","bullets":["Revolving credit facility increased from $500M to $625M; $552.5M tranche matures Dec 31, 2027.","Planned refinancing of $1.19B term loan due 2026 postponed due to recent market conditions.","Received approximately $110M pre-tax cash from closing of previously announced BMI sale to New Mountain Capital.","No amounts currently drawn on revolving credit facilities; transaction fees paid in cash."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-004641","json":"https://secwatch.observer/filing/0001437749-24-004641.json","markdown":"https://secwatch.observer/filing/0001437749-24-004641.md","text":"https://secwatch.observer/filing/0001437749-24-004641.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774924004641/0001437749-24-004641-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774924004641/gtn20240215_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T23:29:48.628524+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":"1699e8c59a0cda9dc6e718b333697289c7ae169e","claim":"GRAY MEDIA, INC amended revolving credit of $625,000,000 with Wells Fargo Bank, National Association maturing December 31, 2027.","evidence_excerpt":"The Second Amendment, among other things, (i) increases the aggregate commitments under the Company's existing $500,000,000 revolving credit facility (the “Revolving Credit Facility”) by $125,000,000, resulting in aggregate commitments under the Revolving Credit Facility of $625,000,000 and (ii) extends the maturity date of a $552,500,000 tranche of the Revolving Credit Facility to December 31, 2027","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774924004641/0001437749-24-004641-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$625,000,000"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Maturity","value":"December 31, 2027"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"d4d67d618acf5144266faf16cb8a6c58c4b64db8","claim":"GRAY MEDIA, INC entered into Second Amendment to Fifth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at Revolving Credit Facility commitments increased by $125,000,000 to $625,000,000; $552,500,000 tranch (effective 2024-02-16).","evidence_excerpt":"On February 16, 2024, Gray Television, Inc. (the “Company”) entered into a second amendment (the “Second Amendment”) to its Fifth Amended and Restated Credit Agreement (as amended, including by the Second Amendment, the “Credit Agreement”), dated as of December 1, 2020, by and among Gray Television, Inc., the guarantors party thereto, Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and the other agents and lenders party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774924004641/0001437749-24-004641-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Value","value":"Revolving Credit Facility commitments increased by $125,000,000 to $625,000,000; $552,500,000 tranch"},{"label":"Effective","value":"2024-02-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}