Gray Media completed financing actions tied to its capital strategy, selling $70.0 million of additional 7.250% Senior Secured First Lien Notes due 2033 and executing a supplemental indenture to align the new notes with its existing $775.0 million series. The notes were issued at par plus accrued interest in a private placement and will help fund the first closing of the American Spirit Media acquisition and a repurchase of Series A Perpetual Preferred Stock. The supplemental indenture, entered with U.S. Bank Trust Company, maintains identical terms, covenants and first-lien security across the unified series, supporting liquidity under a consistent documentation framework.
Agreement 1: Gray Media Raises $70 Million via 7.250% Senior Secured Notes Due 2033
- Agreement type: Purchase agreement for 7.250% senior secured first lien notes due 2033
- Counterparty: Accredited investors
- Signed / Effective: Jun 29 2026 / Jun 30 2026
- Duration / Termination: Through Aug 15 2033
- Reason: Fund ASM acquisition and repurchase preferred shares
Agreement 2: Gray Media Executes Supplemental Indenture for Additional 2033 First-Lien Notes
- Agreement type: Supplemental indenture governing 7.250% senior secured first lien notes due 2033
- Counterparty: U.S. Bank Trust Company, as trustee and collateral agent
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: Through Aug 15 2033
- Reason: Establish terms and security for additional notes
Original SEC Filing:
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