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Gray Announces Pricing of $750 Million of 7.500% Senior Secured First Lien Notes due 2034
ATLANTA, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today the pricing of its previously announced private offering of $750 million aggregate principal amount of 7.500% senior secured first lien notes due 2034 (the “Notes”). The Notes were priced at 100% of par. The offering of the Notes is expected to close on August 21, 2026, subject to customary closing conditions. The Notes are being offered to (i) redeem a portion of Gray’s outstanding 10.500% senior se
About this update from Gray Media, Inc.
ATLANTA, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Gray Media, Inc. ("Gray") (NYSE: GTN) announced today the pricing of its previously announced private offering of $750 million aggregate principal amount of 7.500% senior secured first lien notes due 2034 (the "Notes"). The Notes were priced at 100% of par. The offering of the Notes is expected to close on August 21, 2026, subject to customary closing conditions. The Notes are being offered to (i) redeem a portion of Gray's outstanding 10.500% senior secured first lien notes due 2029 (the "2029 Notes"), (ii) repay a portion of outstanding borrowings under Gray's revolving credit facility, and (iii) pay fees and expenses in connection with the offering. The Notes will be guaranteed, jointly and severally, on a senior secured first lien basis, by each existing and future restricted subsidiary of Gray that guarantees Gray's existing senior credit facility. The Notes and related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The Notes have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. This press release does not constitute a notice of redemption with respect to the 2029 Notes or an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act. Forward-Looking Statements: This press release contains certain forward-looking statements that are based largely on Gray's current expectations and reflect various estimates and assumptions by Gray. These statements are statements other than those of historical fact and may be identified by words such as "estimates," "expect," "anticipate," "will," "implied," "intend," "assume" and similar expressio...