Every material Form 8-K GRAY MEDIA, INC has filed with the SEC since September 28, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Gray Media amended its senior credit facility on October 9, 2026, increasing Term Loan G by $75 million to $675 million, with proceeds and cash on hand expected to fund the redemption of $150 million of its 10.500% senior secured notes due 2029 on October 19, 2026. The redemption is conditioned on funding of the added loan, which is expected by October 19, 2026, and after the transactions Gray expects $200 million of 2029 notes to remain outstanding.
The $75 million incremental Term Loan G brings its principal to $675 million and is due July 15, 2030, with delayed draw availability expected on or before October 19, 2026.
$150 million of 2029 notes would be redeemed on October 19, 2026 at 105.250% of principal, plus accrued and unpaid interest, if the loan funds.
Term Loan G bears interest at Term SOFR plus 3.50% or the base rate plus 2.50%, with quarterly principal reductions of 0.25% of the initial principal amount.
Gray expects $200 million of 2029 notes outstanding after the transactions.
Gray Media entered into a seventh amendment to its senior credit agreement on October 8, 2026, adding a new $600 million Term Loan G maturing July 15, 2030. The company also cut its revolving credit facility from $750 million to $680 million and extended that facility's maturity from December 1, 2028 to July 15, 2030. The filing describes the deal as refinancing that extends debt maturities, and it adds secured borrowing at a 3.50% margin over Term SOFR.
New $600 million Term Loan G matures July 15, 2030, with a 3.50% margin over Term SOFR and a 0.25% quarterly principal reduction
Term Loan G proceeds repaid part of the Term D Loan, leaving $150 million outstanding due December 1, 2028
Revolving credit facility reduced from $750 million to $680 million and extended to July 15, 2030
Press release states the Term Loan G was issued at an original issue discount of 0.5%
Gray Media updated its third-quarter 2026 guidance, raising its political advertising revenue outlook to $188 million to $195 million and lifting the low end of its total revenue range to $950 million. The company also lowered its corporate and administrative expense estimate to $30 million to $35 million, and said the update was provided in connection with lender meetings about a potential credit facility refinancing.
Political advertising revenue guidance raised to $188 million to $195 million, from $165 million to $185 million previously.
Total revenue guidance now $950 million to $965 million, up from $935 million to $965 million.
Total corporate and administrative expense guidance lowered to $30 million to $35 million, from $35 million to $40 million.
Gray expects no outstanding borrowings under its Revolving Credit Facility as of September 30, 2026, and will report third-quarter results on November 6, 2026.
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