Gray Media repurchases $120M of senior notes in privately negotiated transaction

GRAY MEDIA, INC

Repurchased $100M of 10.500% senior secured first lien notes due 2029 at par plus accrued interest.
Repurchased $20M of 5.375% senior notes due 2031 at par plus accrued interest.
Funded using available liquidity, including cash on hand and borrowings under revolving credit facility.
Transaction reduces outstanding debt and future interest expense.

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