Gray Media Closes $600 Million Term Loan, Extends Revolving Credit Facility to 2030
MT newswire2026/10/08 21:5105:51 PM EDT, 10/08/2026 (MT Newswires) -- Gray Media said late Thursday it closed a new $600 million Term Loan G due July 15, 2030, and extended the maturity of its revolving credit facility to the same date. The company reduced the size of the revolving credit facility to $680 million from $750 million. Proceeds from the new term loan were used to repay part of Gray's Term Loan D due Dec. 1, 2028, leaving $150 million outstanding, and to cover related fees and expenses. Gray said the refinancing, together with its August issuance of $750 million of 7.5% senior secured first-lien notes due 2034, extended maturities on more than $1.25 billion of debt and lowered overall borrowing costs.
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