Gray Television (GTN) said late Tuesday that it priced a $900 million private offering of 9.625% senior secured second lien notes due 2032, $150 million more than previously planned.

The company said the notes were priced at 100% of par and are expected to close on July 18.

Proceeds, along with borrowings under Gray's revolving credit facility, will be used to redeem its outstanding 7% notes due 2027, repay part of its term loan F due 2029, and cover related fees and expenses, it added.