Gray Media completes $250 million add-on private offering of Senior Secured Second Lien Notes

Client(s) Gray Media, Inc.

Jones Day represented Gray Media, Inc., a multimedia company headquartered in Atlanta, Georgia that is the nation’s largest owner of top-rated local television stations and digital assets serving 113 television markets that collectively reach approximately 37% of U.S. television households, in connection with its private offering of an additional $250 million aggregate principal amount of 9.625% Senior Secured Second Lien Notes due 2032 (the “Notes”) under Section 4(a)(2) and Regulation D. The net proceeds of the Notes were used to redeem a portion of its 10.500% Senior Secured First Lien Notes due 2029, to pay fees and expenses in connection with the offering, and for general corporate purposes.