Gray Media Increases Offering to $900 Million for Senior Notes Due 2032, Closing in July

Gray Media Inc. (GTN) has priced a private offering of $900 million in senior secured second lien notes due 2032, an increase of $150 million from the initial announcement. The Notes were priced at 100% of par and the offering is set to close on July 18, 2025. The funds raised, along with borrowings under Gray’s revolving credit facility, will be used to redeem existing senior notes, repay part of a term loan, and cover associated fees and expenses. The Notes will be guaranteed by current and future restricted subsidiaries of Gray on a senior secured second lien basis.

Read more at Nasdaq: Gray Media Prices $900 Mln Upsized Offering Of 9.625% Second Lien Notes Due 2032