---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-037077"
form_type: "8-K"
ticker: "GTN"
cik: "0000043196"
company_name: "GRAY MEDIA, INC"
filed_at: "2025-12-08T23:59:59+00:00"
generated_at: "2026-05-16T14:08:13.279289+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-037077
- form_type: 8-K
- ticker: GTN
- cik: 0000043196
- company_name: GRAY MEDIA, INC
- filed_at: 2025-12-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43196/000143774925037077/0001437749-25-037077-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43196/000143774925037077/gtn20251205_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-037077
- JSON: https://secwatch.observer/filing/0001437749-25-037077.json
- Plain text: https://secwatch.observer/filing/0001437749-25-037077.txt

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