Cahill Represents Initial Purchasers in Gray Media’s $775 Million Notes Offering
Date: 07/25/25
Cahill represented the initial purchasers in connection with a Rule 144A offering of $775 million aggregate principal amount of 7.25% senior secured first lien notes due 2033 by Gray Media, Inc.
Proceeds from the offering were used to repay a portion of Gray’s term loan D due 2028, repay a portion of Gray’s term loan F due 2029, repay all outstanding indebtedness drawn under the revolving credit facility, and for general corporate purposes.
Gray Media, Inc. is the nation’s largest owner of top-rated local television stations and digital assets in the United States.