Gray Media Sells $250 Million in Senior Secured Second Lien Notes

Reuters12-08
Gray Media Sells $250 Million in Senior Secured Second Lien Notes

Gray Media Inc. has announced a private placement of $250 million in 9.625% senior secured second lien notes due 2032. These Additional Notes will form a single series with the company's previously issued $900 million of 9.625% Senior Secured Second Lien Notes due 2032, originally issued in July 2025. The new notes will be issued at 102% of par plus accrued interest from July 18, 2025. Proceeds from the offering will be used to redeem a portion of Gray's outstanding 10.500% Senior Secured First Lien Notes due 2029, cover fees and expenses related to the offering, and for general corporate purposes. The offering is expected to close on December 12, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gray Media Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9598004-en) on December 08, 2025, and is solely responsible for the information contained therein.
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