secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2025-07-25T23:59:59+00:00
Accession:  0001437749-25-023531
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gray Media issues $775M 7.25% senior secured notes due 2033; refinances term loans and revolver
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774925023531/0001437749-25-023531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774925023531/gtn20250724_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-023531

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