secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001437749-24-018143
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gray Television prices $1.25B 10.500% senior secured notes due 2029, upsized by $250M
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- Offering upsized to $1.25B from $1.0B, priced at par with 10.500% coupon due 2029.
- Proceeds to refinance $1.2B tranche E term loan due Jan 2026 and repay 5.875% senior notes due 2026.
- Closing expected on June 3, 2024, subject to customary conditions.
- Notes are senior secured first lien, guaranteed by restricted subsidiaries.
- Combined with $500M new tranche F term loan and revolving credit facility for refinancing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774924018143/0001437749-24-018143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774924018143/gtn20240523_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-018143

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