04:42 PM EDT, 07/25/2025 (MT Newswires) -- Gray Media ( GTN ) said late Friday it closed an offering of $775 million of senior secured notes due 2033 and bearing a rate of 7.25%.

Net proceeds were used to partly repay $630 million of its term loan D due December 2028, $80 million of other term loan F due June 2029, and clear $50 million under the revolving credit facility, according to a statement.

The company said it also plans to use the proceeds for general corporate purposes.

Shares were up 1.6% during after-hours trading.