{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-037759","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2025-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.792492+00:00","generated_at":"2026-05-16T13:25:24.302055+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Gray Media closes $250M add-on of 9.625% senior secured notes due 2032","bullets":["Issued $250M additional 9.625% senior secured second-lien notes at 102% of par plus accrued interest.","Notes form single series with existing $900M 9.625% notes due 2032; total now $1.15B.","Net proceeds used to redeem a portion of 10.500% first-lien notes due 2029, pay fees, and for general corporate purposes.","Interest payable semiannually starting Jan 15, 2026; maturity July 15, 2032.","Issued in private placement under Section 4(a)(2) and Regulation D."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-037759","json":"https://secwatch.observer/filing/0001437749-25-037759.json","markdown":"https://secwatch.observer/filing/0001437749-25-037759.md","text":"https://secwatch.observer/filing/0001437749-25-037759.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774925037759/0001437749-25-037759-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774925037759/gtn20251211_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:25:24.302055+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"80ebe35d33206b37218ece57a368f53d87123ea7","claim":"GRAY MEDIA, INC incurred senior notes of $250,000,000 with certain accredited investors at 9.625% maturing July 15, 2032.","evidence_excerpt":"On December 12, 2025, Gray Media, Inc. (“ Gray ”, “ we ” or the “ Company ”) issued $250,000,000 in aggregate principal amount of its 9.625% Senior Secured Second Lien Notes due 2032 (the “ Additional Notes ”) to certain accredited investors (the “ Purchasers ”) pursuant to certain purchase agreements, dated December 5, 2025, by and among the Company, the guarantors party thereto and the Purchasers.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774925037759/0001437749-25-037759-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$250,000,000"},{"label":"Counterparty","value":"certain accredited investors"},{"label":"Rate","value":"9.625%"},{"label":"Maturity","value":"July 15, 2032"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}