Gray Media closes USD 750 million senior secured first-lien notes offering
PUBT · 1d ago
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- Gray Media closed its USD 750 million offering of 7.500% senior secured first lien notes due 2034, issued at par.
- Proceeds earmarked to redeem USD 675 million of 10.500% senior secured first lien notes due 2029.
- Funds also targeted for USD 21 million revolving credit facility repayment, fees, call premium, accrued interest.
- Redemption expected Aug. 27, 2026, leaving USD 350 million of 2029 Notes outstanding.
- New notes pay interest March 15 and Sept. 15, starting March 15, 2027; maturity set for Sept. 15, 2034.
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 GlobeNewswire (Ref. ID: 202608211630PRIMZONEFULLFEED9814341) on August 21, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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