Gray Media plans $150 million partial redemption of senior secured notes due 2029
GTN•Gray Media plans a conditional $150 million partial redemption of its 10.500% senior secured notes due 2029 on Oct. 19, 2026, at 105.250% of principal plus accrued interest. The redemption depends on funding a $75 million incremental delayed-draw Term Loan G.
1. Redemption terms
Gray Media set the conditional redemption for Oct. 19, 2026, subject to funding a $75 million incremental Term Loan G delayed-draw. After the transaction, the company expects to have $200 million of 2029 Notes and $675 million of Term Loan G due July 15, 2030.
