Gray Media sells $250M 9.625% senior secured notes; to redeem $125M of 10.5% first lien notes

GRAY MEDIA, INC

Sold $250M aggregate principal of 9.625% Senior Secured Second Lien Notes due 2032 at 102% of par plus accrued interest.
Notes are an additional issuance to the existing $900M of same series (July 2025), forming a single series.
Net proceeds used to redeem $125M of 10.500% Senior Secured First Lien Notes due 2029 at 103% of principal (conditional redemption on Dec 19, 2025).
Closing expected December 12, 2025, subject to customary conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GRAY MEDIA, INC entered into Purchase Agreements with certain accredited investors valued at $250 million aggregate principal amount (effective 2025-12-05).

Action: entry
Agreement: notes offering
Counterparty: certain accredited investors
Value: $250 million aggregate principal amount
Effective: 2025-12-05

Exact text from the filing

On December 5, 2025, Gray Media, Inc. (“Gray,” “we” or the “Company”) entered into purchase agreements (the “Purchase Agreements”) with certain accredited investors (collectively, the “Investors”) pursuant to which the Company agreed to sell to the Investors, in a private placement transaction (the “Offering”), $250 million aggregate principal amount of its 9.625% Senior Secured Second Lien Notes due 2032 (the “Additional Notes”).

View on SEC.gov

Browse all material agreements →

GRAY MEDIA, INC filing history →

Source: SEC EDGAR

accession 0001437749-25-037077

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.