• Gray Media repurchased USD 100 million of 10.500% senior secured first lien notes due 2029 at par, plus accrued interest.
• It also repurchased USD 20 million of 5.375% senior notes due 2031 at par, plus accrued interest.
• The privately negotiated buyback was funded with available liquidity, including cash on hand and revolver borrowings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gray Media Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-023973), on July 21, 2026, and is solely responsible for the information contained therein.