Gray Television, Inc. commenced a process through which it expects to amend certain terms of its $1.19 billion term loan and $500 million revolving credit facility due 2026, including extending the maturity of its $1.19 billion term loan from January 2026 to July 2029 and its $500 million revolving credit facility from January 2026 to December 2027. the company cannot provide any assurance about the timing, terms, or interest rate associated with the planned financing, or that the financing transactions will be completed.