Gray Announces Private Placement of $250 Million of Additional 9.625% Senior Secured Second Lien Notes due 2032

Core Viewpoint - Gray Media, Inc. announced a private placement transaction to sell $250 million of 9.625% senior secured second lien notes due 2032 to accredited investors, which will rank equally with existing notes issued in July 2025 [1][2]. Group 1: Transaction Details - The Additional Notes will be issued at 102.000% of par plus accrued interest from July 18, 2025, and the offering is expected to close on December 12, 2025, subject to customary closing conditions [3]. - The proceeds from the Additional Notes will be used to redeem a portion of the Company's outstanding 10.500% Senior Secured First Lien Notes due 2029, pay fees and expenses related to the offering, and for general corporate purposes [3]. Group 2: Regulatory Information - The Additional Notes are being offered in a private transaction under an exemption from the registration requirements of the Securities Act of 1933 and will not be registered under the Securities Act [4]. - This press release does not constitute a notice of redemption for the 2029 Notes or an offer to sell the Additional Notes in jurisdictions where such offers would be unlawful [5].