Core Viewpoint - Gray Media, Inc. has successfully completed an offering of $250 million in additional senior secured second lien notes, which will be used to redeem existing debt and for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of $250 million of 9.625% senior secured second lien notes due 2032, issued at 102% of par plus accrued interest from July 18, 2025 [1]. - These additional notes rank equally with the existing $900 million of the same type of notes issued on July 18, 2025 [1]. - The net proceeds will be allocated to redeem a portion of Gray's 10.500% senior secured first lien notes due 2029, cover offering fees, and for general corporate purposes [1]. Group 2: Notes Characteristics - The notes are guaranteed on a senior secured second lien basis by existing and future restricted subsidiaries of Gray [2]. - Interest on the notes will accrue from July 18, 2025, and will be payable semiannually starting January 15, 2026, with maturity on July 15, 2032 [2]. Group 3: Regulatory Information - The notes and related guarantees have not been registered under the Securities Act of 1933 and are offered in a private transaction under an exemption from registration [3].