Gray Media closes USD 750 million senior secured first-lien notes offering

GTN•2026-08-21

Gray Media closes new 2034 notes offering

Gray Media closed its USD 750 million offering of 7.500% senior secured first lien notes due 2034, issued at par.

Proceeds are earmarked to redeem USD 675 million of 10.500% senior secured first lien notes due 2029. Funds are also targeted for USD 21 million revolving credit facility repayment, fees, call premium, and accrued interest.

Redemption is expected Aug. 27, 2026, leaving USD 350 million of the 2029 Notes outstanding.

The new notes pay interest on March 15 and Sept. 15, starting March 15, 2027, and mature on Sept. 15, 2034.

Gray Media closes USD 750 million senior secured first-lien notes offering

Gray Media closes new 2034 notes offering

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