secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2026-10-09T10:20:52+00:00
Accession:  0001437749-26-032392
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774926032392/0001437749-26-032392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774926032392/gtn20261008_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-032392

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