secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2026-08-21T20:50:08+00:00
Accession:  0001437749-26-028749
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 issues $750M of 7.5% senior secured notes due 2034 to refinance 2029 notes
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- Issued $750M aggregate principal of 7.500% senior secured first lien notes due 2034, priced at par.
- Net proceeds will redeem $675M of 10.500% notes due 2029, repay $21M of revolver borrowings, and pay fees.
- Redemption of 2029 notes expected Aug 27, 2026; $350M of 2029 notes expected to remain outstanding.
- Notes mature Sep 15, 2034; interest payable semi-annually Mar 15 and Sep 15, first on Mar 15, 2027.
- Notes offered unregistered under Rule 144A and Regulation S to qualified institutional buyers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774926028749/0001437749-26-028749-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774926028749/gtn20260821_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-028749

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