# GRAY MEDIA, INC (GTN-A) — capital_raise/public_offering [pending]
Source: sec.gov · situation sit_fff59d02680b5e93b9da · public 2116247599731255116 · retrieved 2026-08-19T11:38:09.288Z

## Overview
Gray Media, Inc. is a television broadcasting company operating stations across the United States.

Gray Media, Inc. announced on August 17, 2026, the pricing of $750 million aggregate principal amount of 7.500% senior secured first lien notes due 2034 at 100% of par. The offering is expected to close on August 21, 2026, subject to customary closing conditions. Proceeds will be used to redeem a portion of the company's outstanding 10.500% senior secured first lien notes due 2029, repay a portion of outstanding borrowings under its revolving credit facility, and pay fees and expenses in connection with the offering. The notes will be guaranteed on a senior secured first lien basis by each existing and future restricted subsidiary of Gray that guarantees its existing senior credit facility.

## Terms
- Deal value: $750.0M · Consideration: cash

## Key dates
- Announced 2026-08-17 · Expected close 2026-08-21

## Timeline
- 2026-08-17 · 8-K (0001437749-26-028117): 8-K - GRAY MEDIA, INC — *Gray Media, Inc. is a television broadcasting company operating stations across the United States.* Gray Media, Inc. announced on August 17, 2026 that it commenced an offering of $750 million 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 (with redemption at 105.250% of principal plus accrued interest, scheduled for August 27, 2026), repay a portion of revolving credit facility borrowings, and pay offering fees and expenses. The offering is exempt from Securities Act registration and is being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
  https://www.sec.gov/Archives/edgar/data/43196/0001437749-26-028117.txt
- 2026-08-17 · 8-K (0001437749-26-028227): 8-K - GRAY MEDIA, INC — *Gray Media, Inc. is a television broadcasting company operating stations across the United States.* Gray Media, Inc. announced on August 17, 2026, the pricing of $750 million aggregate principal amount of 7.500% senior secured first lien notes due 2034 at 100% of par. The offering is expected to close on August 21, 2026, subject to customary closing conditions. Proceeds will be used to redeem a portion of the company's outstanding 10.500% senior secured first lien notes due 2029, repay a portion of outstanding borrowings under its revolving credit facility, and pay fees and expenses in connection with the offering. The notes will be guaranteed on a senior secured first lien basis by each existing and future restricted subsidiary of Gray that guarantees its existing senior credit facility.
  https://www.sec.gov/Archives/edgar/data/43196/0001437749-26-028227.txt

## Citations
- 0001437749-26-028117 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926028117
- 0001437749-26-028227 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926028227