---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-022378"
form_type: "8-K"
ticker: "GTN"
cik: "0000043196"
company_name: "GRAY MEDIA, INC"
filed_at: "2025-07-09T23:59:59+00:00"
generated_at: "2026-05-18T08:59:07.954443+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gray Media prices $900M 9.625% senior secured second lien notes due 2032, upsized by $150M

## Summary
- $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.

## SEC filing metadata
- accession: 0001437749-25-022378
- form_type: 8-K
- ticker: GTN
- cik: 0000043196
- company_name: GRAY MEDIA, INC
- filed_at: 2025-07-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43196/000143774925022378/0001437749-25-022378-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43196/000143774925022378/gtn20250708_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-022378
- JSON: https://secwatch.observer/filing/0001437749-25-022378.json
- Plain text: https://secwatch.observer/filing/0001437749-25-022378.txt

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