PRESS RELEASE
1 August 2025

Cahill Represents Initial Purchasers In Gray Media’s $900 Million Notes Offering

CG
Cahill Gordon & Reindel LLP

Contributor

With a history of legal innovation dating back to the firm’s founding in 1919, Cahill Gordon & Reindel LLP is trusted by market-leading financial institutions, companies and their boards to manage significant litigation, regulatory matters and transactions. The firm is based in New York with offices in London and Washington, D.C.
Cahill represented the initial purchasers in connection with a Rule 144A offering of $900 million aggregate principal amount of 9.625% senior secured second lien notes due 2032 by Gray Media, Inc.
United States

Cahill represented the initial purchasers in connection with a Rule 144A offering of $900 million aggregate principal amount of 9.625% senior secured second lien notes due 2032 by Gray Media, Inc.

Proceeds from the offering were used, together with borrowings under Gray's revolving credit facility, to redeem all of Gray's outstanding 7.0% senior notes due 2027, repay a portion of Gray's term loan F due 2029 and pay fees and expenses in connection with the offering.

Gray Media, Inc. is the nation's largest owner of top-rated local television stations and digital assets in the United States.

Contributor

With a history of legal innovation dating back to the firm’s founding in 1919, Cahill Gordon & Reindel LLP is trusted by market-leading financial institutions, companies and their boards to manage significant litigation, regulatory matters and transactions. The firm is based in New York with offices in London and Washington, D.C.
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