Gray Media Inc. has announced an amendment to its existing revolving credit facility, increasing the aggregate commitments by $50 million, bringing the total to $750 million. Additionally, the maturity date of this facility has been extended from December 1, 2027, to December 1, 2028. This amendment is in conjunction with the company's offering of $900 million in senior secured second lien notes due in 2032. As a result, Gray Media now has $700 million of undrawn availability under the revolving credit facility, aside from approximately $8 million in outstanding letters of credit. The company also used proceeds from the notes to repay $402.5 million of its Term Loan F, reducing the balance to $90 million and meeting all mandatory amortization payments prior to the loan's maturity in 2029.