---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-032392"
form_type: "8-K"
ticker: "GTN"
cik: "0000043196"
company_name: "GRAY MEDIA, INC"
filed_at: "2026-10-09T10:20:52+00:00"
generated_at: "2026-10-12T15:20:23.320531+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Gray Media closes $600M Term Loan G, trims revolver to $680M; maturities pushed past 2028

## Summary
- $600M Term Loan G priced at SOFR + 350 bps with 0.5% original issue discount; matures July 15, 2030; proceeds repaid part of Term Loan D, leaving $150M outstanding.
- Revolver commitments cut from $750M to $680M and maturity extended from December 1, 2028 to July 15, 2030; pricing grid unchanged.
- Term Loan G and revolver carry springing maturities 91 days before Term D or the 2029 1L Notes if more than $200M of either remains outstanding.
- Recaps August 21, 2026 closing of $750M of 7.50% senior secured first lien notes due 2034, proceeds used to repay $675M of 10.5% senior secured first lien notes due 2029.
- Gray says refinancings extended maturities on over $1.25B of debt and lowered borrowing costs; nearest maturities are $150M Term Loan D (Dec 2028) and $350M of 2029 Notes (July 2029).

## SEC filing metadata
- accession: 0001437749-26-032392
- form_type: 8-K
- ticker: GTN
- cik: 0000043196
- company_name: GRAY MEDIA, INC
- filed_at: 2026-10-09T10:20:52+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/43196/000143774926032392/0001437749-26-032392-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/43196/000143774926032392/gtn20261008_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-032392
- JSON: https://secwatch.observer/filing/0001437749-26-032392.json
- Plain text: https://secwatch.observer/filing/0001437749-26-032392.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.