GRAY MEDIA, INC — Form 10-Q

Gray Media executed two amendments to its Receivables Purchase Agreement: Fourth Amendment (August 12, 2025) and Fifth Amendment (July 15, 2026) with counterparties Wells Fargo Bank (Administrative Agent and Purchaser), PNC Bank (Purchaser), Truist Bank (Purchaser), Regions Bank (Purchaser), and PNC Capital Markets LLC (Structuring Agent). The amendments incorporate technical and operational modifications to the underlying RPA framework, with specific changes detailed in marked exhibits. Dollar amounts, facility limits, and specific commercial terms are not disclosed in the filing text provided; amendments focus on administrative restructuring, definition refinements, and covenant adjustments rather than new capital injection or material financial restructuring.