Short answer
GRAY MEDIA, INC (GTN) filed an 8-K current report with the SEC on August 21, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 8.01 (Other Events). $750M 7.500% first-lien notes due 2034 refinanced $675M of higher-cost 10.500% notes due 2029.
GRAY MEDIA, INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $750M 7.500% first-lien notes due 2034 refinanced $675M of higher-cost 10.500% notes due 2029
- Proceeds also repaid $21M revolver borrowings and covered refinancing fees, call premium, and accrued interest
- Annual interest burden on new notes: $56.25M before repayments and other financing effects
- Lower coupon extends maturity to September 15, 2034, reducing near-term refinancing pressure
- Covenants restrict additional debt, dividends, asset sales, liens, and acquisitions; notes secured by first-priority collateralેણ
Item 8.01 · Other Events
- Gray Media closed the sale of Notes on August 21, 2026
- Debt issuance creates new financing obligations for Gray
- Investors should review Exhibit 99.1 for principal amount, interest rate, maturity, and use of proceeds
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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