Gray Media Inc. has announced a private offering of up to $700 million in senior secured first lien notes due in 2033. The offering is subject to market conditions and will be exempt from the registration requirements of the Securities Act of 1933. Gray plans to use the proceeds from the offering, along with funds from its revolving credit facility, to partially repay its term loans due in 2028 and 2029. The notes will be guaranteed by existing and future restricted subsidiaries of Gray that back the company's current senior credit facility.
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: GNW9498399-en) on July 22, 2025, and is solely responsible for the information contained therein.