8-K - Gray Media, Inc. | StockGist

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Gray Media, Inc. entered into a Sixth Amendment for its Senior Credit Facility, leaving commitments and maturities unchanged, while announcing the full repayment of its remaining $10 million Term F Loan scheduled for April 2, 2026.

Key Takeaways

1The Sixth Amendment to the Senior Credit Facility did not change commitments, term loan principal amounts, or stated maturities.

2No new borrowings were incurred in connection with the execution of the Sixth Amendment.

3The Company provided notice to repay the remaining $10 million outstanding principal on the Term F Loan in full on April 2, 2026.

4Interest rates on the Revolving Credit Facility range from Term SOFR plus 1.75%–2.75% or Base Rate plus 0.75%–1.75%.

5Term D Loan margins are 3.00% for Term SOFR borrowings and 2.00% for Base Rate borrowings.

6Obligations remain secured by substantially all assets of the Company and its wholly-owned subsidiaries, excluding real estate.

Current Report Details

Event Type

Material Agreement

Financing

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

. Entry into a Material Definitive Agreement. ** On March 31, 2026, Gray Media, Inc. (the “Company”), entered into a sixth amendment (the “Sixth Amendment”) to

Material Agreement

$3.8M$1.3M$10.0M

Source Document

2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.** The information contained in Item 1.01 abov

Financing

9.01

Financial Statements and Exhibits. ** **(d)** **Exhibits ** 10.1 Sixth Amendment to Credit Agreement and Amendment to Guaranty Agreement and Security Agreement,

Exhibits Only

Transaction Details

Material Agreement

Agreement: Sixth Amendment to the Fifth Amended and Restated Credit Agreement
Parties: Gray Media, Inc., Wells Fargo Bank, National Association, other agents and lenders party thereto

•Dated March 31, 2026, amending the Senior Credit Facility dated December 1, 2021.
•Did not change commitments under the Revolving Credit Facility.
•Did not change principal amounts of the Term Loans.
•Did not change stated maturities under the Senior Credit Facility.
•No new borrowings were incurred in connection with the amendment.
•Revolving Credit Facility interest based on Term SOFR plus 1.75%–2.75% or Base Rate plus 0.75%–1.75%.
•Term D Loan applicable margin is 3.00% for Term SOFR borrowings and 2.00% for Base Rate borrowings.
•Term F Loan applicable margin is 5.25% for Term SOFR borrowings and 4.25% for Base Rate borrowings.
•Quarterly principal reductions for Term D Loan ($3.750 million) and Term F Loan ($1.250 million) have been prepaid in advance.

Debt / Financing

Instrument: Term F Loan
Principal: 10000000
Rate: Term SOFR plus 5.25% or Base Rate plus 4.25%
Maturity: Not changed by the Sixth Amendment
Use of Proceeds: N/A

Exhibits (2)

10.1

EXHIBIT 10.1

8-K

FORM 8-K