debt
confidence high
sentiment neutral
materiality 0.70
Gray Media prices $900M 9.625% senior secured second lien notes due 2032, upsized by $150M
GRAY MEDIA, INC
- $900M aggregate principal, 9.625% coupon, due 2032; priced at 100% of par.
- Upsized by $150M from previously announced offering amount.
- Proceeds to redeem all 7.000% senior notes due 2027 and repay portion of term loan F due 2029.
- Offering expected to close on July 18, 2025, subject to customary conditions.
- Notes and guarantees offered under Rule 144A and Regulation S; not registered under Securities Act.
item 8.01item 9.01