debt
confidence high
sentiment neutral
materiality 0.60
Gray Media announces $700M senior secured note offering to refinance existing term loans
GRAY MEDIA, INC
- $700M aggregate principal of senior secured first lien notes due 2033 offered via private placement.
- Proceeds plus revolver borrowings to repay part of term loan D (due Dec 2028) and term loan F (due June 2029).
- Notes guaranteed by existing and future restricted subsidiaries on a senior secured first lien basis.
- Offering exempt from Securities Act registration; sold to QIBs under Rule 144A and non-US persons under Reg S.
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