GRAY MEDIA, INC (GTN): debt financing — Gray Media issues $775M 7.25% senior secured notes due 2033; refinances term loans and revolver

GRAY MEDIA, INC

Issued $775M of 7.250% Senior Secured First Lien Notes due 2033 at par.
Net proceeds used to repay $630M of Term Loan D (balance now $739M), $80M of Term Loan F (balance $10M), and $50M revolving credit facility (undrawn availability now $750M).
Interest payable semiannually from Feb 15, 2026; callable after Aug 15, 2028 at specified redemption prices.
Notes guaranteed on senior secured first lien basis by existing and future restricted subsidiaries that guarantee Gray's senior credit facility.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GRAY MEDIA, INC incurred senior notes of $775,000,000 with U.S. Bank Trust Company, National Association at 7.250% maturing August 15, 2033.

Instrument: senior notes
Principal: $775,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.250%
Maturity: August 15, 2033
Event: incurrence

Exact text from the filing

On July 25, 2025, Gray Media, Inc. (“ Gray ”, “ we ” or the “ Company ”) issued $775,000,000 in aggregate principal amount of its 7.250% Senior Secured First Lien Notes due 2033 (the “ Notes ”) pursuant to an indenture, dated as of July 25, 2025, between Gray, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and collateral agent (the “ Indenture ”).

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Source: SEC EDGAR

accession 0001437749-25-023531

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