Financing ·
Gray Media announced on August 17, 2026, the commencement of a private offering of up to $750 million in aggregate…
GTN-AGray Media, Inc
Gray Media announced on August 17, 2026, the commencement of a private offering of up to $750 million in aggregate principal amount of senior secured first lien notes due 2034. The company intends to use net proceeds to redeem $675 million of its outstanding 10.500% senior secured first lien notes due 2029, repay borrowings under its revolving credit facility, and pay offering fees. A conditional notice of partial redemption for the 2029 Notes was issued, with a redemption date set for August 27, 2026, at 105.250% of principal plus accrued interest. This transaction is subject to market conditions and regulatory exemptions under Rule 144A and Regulation S. Gray Media operates in the broadcasting industry, owning and operating television stations across the United States.