---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-019216"
form_type: "8-K"
ticker: "GTN"
cik: "0000043196"
company_name: "GRAY MEDIA, INC"
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:38:29.002231+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gray Television issues $1.25B 10.5% notes due 2029, refinances $1.15B term loan, upsizes revolver to $680M

## Summary
- Issued $1.25B of 10.5% senior secured first lien notes due July 2029 at par; proceeds repay $1.2B tranche E term loan due 2026 and help repurchase 5.875% notes due 2026.
- New $500M tranche F term loan due June 2029 at SOFR+5.25%; revolver increased $127.5M to $680M, maturing Dec 2027; $72.5M tranche terminated.
- Tendered $690M (98.58%) of outstanding 5.875% senior notes due 2026; next debt maturity now May 2027 (7% notes); near-term refinancing risk reduced.
- Combined with Feb 2024 revolver upsizing, total revolver capacity $680M with maturity Dec 2027; company has no debt due until after 2026 political cycles.

## SEC filing metadata
- accession: 0001437749-24-019216
- form_type: 8-K
- ticker: GTN
- cik: 0000043196
- company_name: GRAY MEDIA, INC
- filed_at: 2024-06-04T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43196/000143774924019216/0001437749-24-019216-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43196/000143774924019216/gtn20240603_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-019216
- JSON: https://secwatch.observer/filing/0001437749-24-019216.json
- Plain text: https://secwatch.observer/filing/0001437749-24-019216.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.