secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2025-12-08T23:59:59+00:00
Accession:  0001437749-25-037077
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774925037077/0001437749-25-037077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774925037077/gtn20251205_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-037077

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