Gray Media, Inc. Commences Private Offering of $750 Million Senior Secured Notes

Gray Media, Inc. has initiated a private offering of up to $750 million in senior secured first lien notes due 2034, subject to market conditions. The company intends to use the net proceeds from this offering to redeem $675 million of its existing 2029 notes, repay a portion of its revolving-credit borrowings, and cover associated fees and expenses.