secwatch.observer — SEC 8-K summary
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Issuer:     GRAY MEDIA, INC (GTN)
CIK:        0000043196
Form:       8-K
Filed at:   2026-10-09T20:16:26+00:00
Accession:  0001437749-26-032446
Event type: debt
Sentiment:  neutral
Materiality: 0.62
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/43196/000143774926032446/0001437749-26-032446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/43196/000143774926032446/gtn20261009_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-032446

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