Gray Media adds $75 million Term Loan G and redeems $150 million of 10.500% 2029 notes

GRAY MEDIA, INC

Gray Media entered an eighth amendment to its Senior Credit Facility, increasing Term Loan G due July 15, 2030 by $75 million to $675 million aggregate principal.
Proceeds plus cash on hand will fund redemption of $150 million of Gray's 10.500% senior secured notes due 2029 at 105.250% of principal, plus accrued interest, on October 19, 2026.
The redemption is conditioned on funding the incremental Term Loan G, available on a delayed draw basis on or before October 19, 2026; $200 million of 2029 Notes would remain outstanding.
Term Loan G bears interest at Term SOFR plus 3.50% or Base Rate plus 2.50%, with quarterly principal reductions of 0.25% of the initial aggregate principal amount.
Wells Fargo Bank, National Association is administrative agent; Executive Vice President and CFO Jeffrey R. Gignac signed the October 9, 2026 report.

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