senior secured first lien notes

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Gray Announces Private Offering of Senior Secured First Lien Notes
Globenewswireยท 2025-07-22 12:15
Core Viewpoint - Gray Media, Inc. plans to offer up to $700 million in senior secured first lien notes due 2033, contingent on market conditions [1] Group 1: Offering Details - The offering will be exempt from the registration requirements of the Securities Act of 1933 [1] - The net proceeds will be used to repay portions of term loan D due December 1, 2028, and term loan F due June 4, 2029 [2] - The notes will be guaranteed on a senior secured first lien basis by existing and future restricted subsidiaries of Gray [2] Group 2: Regulatory Information - The notes will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S [3] - The notes have not been registered under the Securities Act and cannot be offered or sold in the U.S. without registration or an applicable exemption [3] Group 3: Contact Information - For inquiries, Gray's Executive Vice President and Chief Financial Officer, Jeffrey R. Gignac, can be contacted at 404-504-9828 [6] - Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, is also available at 404-266-8333 [6]