secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2025-12-12T23:59:59+00:00
Accession:  0001437749-25-037759
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 closes $250M add-on of 9.625% senior secured notes due 2032
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774925037759/0001437749-25-037759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774925037759/gtn20251211_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-037759

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer