Gray Media Closes $1.15 Billion Senior Secured Second Lien Notes Offering

Reuters12-13

Gray Media Closes $1.15 Billion Senior Secured Second Lien Notes Offering

Gray Media Inc. has completed its previously announced offering of $250 million aggregate principal amount of additional 9.625% senior secured second lien notes due 2032. The additional notes were issued at 102% of par plus accrued interest from and including July 18, 2025, and will form a single series with the $900 million of 9.625% senior secured second lien notes due 2032 originally issued on July 18, 2025. The net proceeds from the additional notes are being used to redeem a portion of Gray's 10.500% senior secured first lien notes due 2029, cover related fees and expenses, and for general corporate purposes. Interest on the notes is payable semiannually starting January 15, 2026, with a maturity date of July 15, 2032.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-037759), on December 12, 2025, and is solely responsible for the information contained therein.

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