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GRAY MEDIA, INC
Gray Media has entered into an agreement to increase its Term Loan G by $75 million. The company intends to use the proceeds from this incremental loan, along with cash on hand, to redeem $150 million of its 10.500% senior secured notes due 2029 at a price of 105.250% of the principal amount.…more
GRAY MEDIA, INC
Gray Media has closed a new $600 million Term Loan G maturing on July 15, 2030, and reduced its existing $750 million revolving credit facility to $680 million while extending its maturity to July 15, 2030. Proceeds were used to repay a portion of the existing Term Loan D, leaving $150 million in aggregate principal outstanding. Through these refinancing transactions, the company has extended maturities on over $1.25 billion of debt and reduced its overall borrowing costs.…more
GRAY MEDIA, INC
Gray Media has raised its third-quarter 2026 political advertising revenue guidance to a range of $188 million to $195 million, up from the previous $165 million to $185 million. Consequently, the company increased the lower end of its total revenue guidance to $950 million and lowered its corporate and administrative expense forecast to $30 million to $35 million.…more
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Gray Media Expands Live Sports Coverage with SWAC Partnership
Gray Media has partnered with SWAC and Triple B Media to broadcast collegiate athletic events via free over-the-air television. While this initiative increases content distribution across local markets, it lacks specific financial details regarding revenue impact.…more
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Gray Media has entered into a content partnership with Joy 101 to integrate health-focused segments into its local newscasts and programming. This collaboration aims to enhance content offerings, though it does not provide immediate material financial impact.…more
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Gray Media has entered a multi-year partnership with the St. Louis Blues to simulcast 10 select hockey games over-the-air during the 2026-27 season. This agreement expands the reach of the team's broadcasts across Gray's regional affiliate network to increase viewer accessibility.…more
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