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AI brief of an SEC Form 8-K · GRAY MEDIA, INC (GTN)

Gray Media adds $75 million to Term Loan G, to redeem $150 million of 2029 notes

Neutral Impact 3 of 5 financing Written later

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.

Key points

  • 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.

The filing

CompanyGRAY MEDIA, INC (GTN)
Form8-K, current report
Filed with the SECOct 9, 2026, 4:16 PM ET
Accession number0001437749-26-032446

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 09, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.