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News  ›  GlobeNewswire Inc.

Gray Announces Closing of Offering of $250 Million of Additional 9.625% Senior Secured Second Lien Notes due 2032

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Gray Media, Inc.
Gray Announces Closing of Offering of $250 Million of Additional 9.625% Senior Secured Second Lien Notes due 2032

Gray Media completed a $250 million offering of additional senior secured second lien notes due in 2032, issued at 102% of par value. The proceeds will be used to redeem existing notes, pay offering expenses, and support general corporate purposes.

Insights
NVDA   neutral

Their GPUs are being acquired, which represents a neutral business transaction


GTN   neutral

The company is executing a standard debt refinancing strategy, replacing existing higher-interest notes with new notes at a similar interest rate, indicating financial management rather than significant positive or negative market movement