{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-022218","form_type":"8-K","ticker":"GTN","cik":"0000043196","company_name":"GRAY MEDIA, INC","filed_at":"2026-07-01T13:25:15+00:00","discovered_at":"2026-07-01T13:26:02.258889+00:00","generated_at":"2026-07-01T13:26:17.100859+00:00","sec_items":["1.01","8.01","2.03","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Gray Media issues $70M notes, buys American Spirit stations for $50M, repurchases $50M preferred at $30M","bullets":["Issued $70M of 7.250% Senior Secured First Lien Notes due 2033 at par plus accrued interest from Feb 15, 2026.","Used $40M of proceeds for first closing of acquisition of six TV stations from American Spirit Media for total $50M.","Used $30M to repurchase 50,000 shares Series A Preferred Stock ($50M liquidation preference), a discount to par.","Acquired stations: WUPW (Toledo), WDBD (Jackson), WSFX-TV (Wilmington), WXTX (Columbus), KAUZ-TV (Wichita Falls), KVHP (Lake Charles).","Second closing expected Q4 2026 pending regulatory approvals; Gray expects transaction to be cash flow accretive with no increase in leverage."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-022218","json":"https://secwatch.observer/filing/0001437749-26-022218.json","markdown":"https://secwatch.observer/filing/0001437749-26-022218.md","text":"https://secwatch.observer/filing/0001437749-26-022218.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774926022218/0001437749-26-022218-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774926022218/gtn20260629_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-01T13:26:17.100859+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}