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
The Sixth Amendment to the Senior Credit Facility did not change commitments, term loan principal amounts, or stated maturities.
No new borrowings were incurred in connection with the execution of the Sixth Amendment.
The Company provided notice to repay the remaining $10 million outstanding principal on the Term F Loan in full on April 2, 2026.
Interest rates on the Revolving Credit Facility range from Term SOFR plus 1.75%–2.75% or Base Rate plus 0.75%–1.75%.
Term D Loan margins are 3.00% for Term SOFR borrowings and 2.00% for Base Rate borrowings.
Obligations remain secured by substantially all assets of the Company and its wholly-owned subsidiaries, excluding real estate.