Gray Media, Inc. has refinanced its debt, closing a new $600 million Term Loan and reducing its revolving credit facility, extending maturities and lowering borrowing costs.
Why it matters. Gray Media has extended its debt maturities and reduced borrowing costs, providing financial flexibility for the company.
the remaining $150 million aggregate principal amount outstanding under its Term Loan D
issued with an original issue discount of 0.5%.
the remaining $350 million of its 2029 Notes due in July 2029
extended maturities across an aggregate of over $1.25 billion of debt
has reduced its existing $750 million revolving credit facility to $680 million
We also own the largest Telemundo Affiliate group, spanning 46 markets
$750 million offering of 7.50% senior secured first lien notes due 2034
extended the maturity date from December 1, 2028 to July 15, 2030
Term Loan G maturing July 15, 2030
a new $600 million Term Loan G
priced at a margin of 350 basis points over the Standard Overnight Financing Rate
leaving $150 million aggregate principal amount outstanding
Gray’s $750 million offering of 7.50% senior secured first lien notes due 2034
Together with the August 21, 2026 closing of Gray’s $750 million offering of 7.50% senior secured first lien notes due 2034, the proceeds of which were used to, among other items, repay $675 million of Gray’s 10.5% senior secured first lien notes due 2029 (the “2029 Notes”), the…
ATLANTA, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today that it has closed a new $600 million Term Loan G maturing July 15, 2030 and has reduced its existing $750 million revolving credit facility to $680 million and extended the maturity…
