Gray Media Closes $1.15 Billion Senior Secured Second Lien Notes Offering
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Gray Media Inc. has completed a $1.15 billion offering of senior secured second lien notes, including $250 million of additional notes at 102% of par. Proceeds will redeem part of Gray's 10.500% first lien notes due 2029, cover fees, and support general corporate purposes. Interest is payable semiannually from January 2026, with maturity in July 2032.
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