Gray Announces Pricing of $750 Million of 7.500% Senior Secured First Lien Notes due 2034
Gray Media priced a $750 million private offering of 7.500% senior secured first lien notes due 2034 at 100% of par. Proceeds from the offering will be used to redeem a portion of the company's outstanding 10.500% notes due 2029 and to repay borrowings under its revolving credit facility.
Key figures
- Deal Value Usd
- 750000000
- Coupon rate
- 7.500%
- Maturity year
- 2034
- Refinanced coupon
- 10.500%
- Refinanced maturity year
- 2029
AI analysis
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