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Globe and Mail
9 hours ago
- Business
- Globe and Mail
Gray Announces Upsizing and Pricing of $775 Million of 7.250% Senior Secured First Lien Notes due 2033
ATLANTA, July 22, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. ('Gray') (NYSE: GTN) announced today the pricing of its previously announced private offering of $775 million aggregate principal amount of 7.250% senior secured first lien notes due 2033 (the 'Notes'). This represents an increase of $75 million over the amount previously announced. The Notes were priced at 100% of par. The offering of the Notes is expected to close on July 25, 2025, subject to customary closing conditions. The Notes are being offered to (i) repay a portion of Gray's term loan D due December 1, 2028, (ii) repay a portion of Gray's term loan F due June 4, 2029, (iii) repay all outstanding indebtedness drawn under Gray's revolving credit facility, (iv) pay fees and expenses in connection with the offering, and (v) for general corporate purposes. The Notes will be guaranteed, jointly and severally, on a senior secured first lien basis, by each existing and future restricted subsidiary of Gray that guarantees Gray's existing senior credit facility. The Notes and related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the 'Securities Act'), and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The Notes have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act. Forward-Looking Statements: This press release contains certain forward-looking statements that are based largely on Gray's current expectations and reflect various estimates and assumptions by Gray. These statements are statements other than those of historical fact and may be identified by words such as 'estimates,' 'expect,' 'anticipate,' 'will,' 'implied,' 'intend,' 'assume' and similar expressions. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results and achievements to differ materially from those expressed in such forward-looking statements. Such risks, trends and uncertainties, which in some instances are beyond Gray's control, include Gray's ability to consummate the offering of notes; the intended use of proceeds of the offering; and other future events. Gray is subject to additional risks and uncertainties described in Gray's quarterly and annual reports filed with the Securities and Exchange Commission from time to time, including in the 'Risk Factors,' and management's discussion and analysis of financial condition and results of operations sections contained therein, which reports are made publicly available via its website, Any forward-looking statements in this communication should be evaluated in light of these important risk factors. This press release reflects management's views as of the date hereof. Except to the extent required by applicable law, Gray undertakes no obligation to update or revise any information contained in this communication beyond the date hereof, whether as a result of new information, future events or otherwise. Gray Contacts: Jeffrey R. Gignac, Executive Vice President and Chief Financial Officer, 404-504-9828 Kevin P. Latek, Executive Vice President, Chief Legal and Development Officer, 404-266-8333 # # #
Yahoo
2 days ago
- Business
- Yahoo
ASX Penny Stocks With Market Caps Over A$600M
The Australian sharemarket is set to follow Wall Street's record-setting trend, with the ASX 200 futures pointing to a positive end to the week amid U.S. economic signals and rising unemployment rates. In such a buoyant market atmosphere, investors often explore diverse opportunities, including penny stocks—an investment category that continues to intrigue despite its somewhat outdated label. These smaller or newer companies can offer significant potential when they possess strong financials and promising growth paths, providing an attractive option for those looking beyond the traditional blue-chip investments. Top 10 Penny Stocks In Australia Name Share Price Market Cap Financial Health Rating Alfabs Australia (ASX:AAL) A$0.415 A$118.93M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$2.31 A$108.97M ★★★★★★ GTN (ASX:GTN) A$0.59 A$112.49M ★★★★★★ IVE Group (ASX:IGL) A$3.14 A$484.13M ★★★★★☆ West African Resources (ASX:WAF) A$2.25 A$2.56B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.80 A$475.94M ★★★★★★ Regal Partners (ASX:RPL) A$2.66 A$894.36M ★★★★★★ Sugar Terminals (NSX:SUG) A$0.99 A$360M ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$4.23 A$200.71M ★★★★★★ CTI Logistics (ASX:CLX) A$1.90 A$153.03M ★★★★☆☆ Click here to see the full list of 458 stocks from our ASX Penny Stocks screener. Let's explore several standout options from the results in the screener. Brazilian Rare Earths Simply Wall St Financial Health Rating: ★★★★★★ Overview: Brazilian Rare Earths Limited is engaged in the exploration of rare earth elements and other critical minerals in Brazil, with a market cap of A$670.54 million. Operations: Currently, there are no reported revenue segments for this company. Market Cap: A$670.54M Brazilian Rare Earths Limited, with a market cap of A$670.54 million, is a pre-revenue company focused on rare earth elements in Brazil. Recent advancements include successful production of high-purity mixed-rare earth carbonate and uranium peroxide from its Monte Alto Project, marking significant progress in its strategy to establish an integrated supply chain. Exploration at the Sulista Project revealed ultra-high-grade deposits and promising drill results, enhancing future potential. Although debt-free with sufficient cash runway for over a year, the company remains unprofitable and led by an inexperienced management team. Strategic alliances are underway to optimize mineral processing capabilities. Dive into the specifics of Brazilian Rare Earths here with our thorough balance sheet health report. Review our growth performance report to gain insights into Brazilian Rare Earths' future. HMC Capital Simply Wall St Financial Health Rating: ★★★★★☆ Overview: HMC Capital Limited, along with its subsidiaries, owns and manages real estate-focused funds in Australia and has a market capitalization of A$1.59 billion. Operations: HMC Capital generates revenue from its real estate segment, amounting to A$77.6 million. Market Cap: A$1.59B HMC Capital, with a market cap of A$1.59 billion, presents a mixed picture for investors interested in penny stocks. The company has shown substantial earnings growth over the past year at 289.9%, outperforming the industry average significantly. However, this growth includes a large one-off gain of A$130.1 million affecting recent results. HMC's valuation appears attractive as it trades below estimated fair value and maintains good relative value compared to peers. Despite having more cash than debt and covering interest payments comfortably, its operating cash flow coverage is weak, and future earnings are forecast to decline slightly over three years by an average of 1.5% annually. Click to explore a detailed breakdown of our findings in HMC Capital's financial health report. Gain insights into HMC Capital's outlook and expected performance with our report on the company's earnings estimates. United Overseas Australia Simply Wall St Financial Health Rating: ★★★★★★ Overview: United Overseas Australia Ltd, along with its subsidiaries, is involved in the development and resale of land and buildings across Malaysia, Singapore, Vietnam, and Australia with a market capitalization of A$1.02 billion. Operations: The company's revenue segments include the development and resale of land and buildings across Malaysia (MYR 1.72 billion), Singapore (MYR 1.14 billion), Vietnam (MYR 0.98 billion), and Australia (MYR 0.95 billion). Market Cap: A$1.02B United Overseas Australia Ltd, with a market cap of A$1.02 billion, demonstrates key traits appealing to penny stock investors. The company has achieved significant earnings growth of 14.2% over the past year, surpassing industry averages and reflecting strong operational performance. Its financial health is robust with short-term assets exceeding both short and long-term liabilities significantly, while debt levels have been reduced to zero from 5.5% over five years. Despite a lower net profit margin compared to last year, the company's price-to-earnings ratio suggests it offers good value relative to the broader Australian market average. Unlock comprehensive insights into our analysis of United Overseas Australia stock in this financial health report. Gain insights into United Overseas Australia's historical outcomes by reviewing our past performance report. Key Takeaways Click this link to deep-dive into the 458 companies within our ASX Penny Stocks screener. Want To Explore Some Alternatives? Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:BRE ASX:HMC and ASX:UOS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
ASX Penny Stocks With Market Caps Over A$600M
The Australian sharemarket is set to follow Wall Street's record-setting trend, with the ASX 200 futures pointing to a positive end to the week amid U.S. economic signals and rising unemployment rates. In such a buoyant market atmosphere, investors often explore diverse opportunities, including penny stocks—an investment category that continues to intrigue despite its somewhat outdated label. These smaller or newer companies can offer significant potential when they possess strong financials and promising growth paths, providing an attractive option for those looking beyond the traditional blue-chip investments. Top 10 Penny Stocks In Australia Name Share Price Market Cap Financial Health Rating Alfabs Australia (ASX:AAL) A$0.415 A$118.93M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$2.31 A$108.97M ★★★★★★ GTN (ASX:GTN) A$0.59 A$112.49M ★★★★★★ IVE Group (ASX:IGL) A$3.14 A$484.13M ★★★★★☆ West African Resources (ASX:WAF) A$2.25 A$2.56B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.80 A$475.94M ★★★★★★ Regal Partners (ASX:RPL) A$2.66 A$894.36M ★★★★★★ Sugar Terminals (NSX:SUG) A$0.99 A$360M ★★★★★★ Bisalloy Steel Group (ASX:BIS) A$4.23 A$200.71M ★★★★★★ CTI Logistics (ASX:CLX) A$1.90 A$153.03M ★★★★☆☆ Click here to see the full list of 458 stocks from our ASX Penny Stocks screener. Let's explore several standout options from the results in the screener. Brazilian Rare Earths Simply Wall St Financial Health Rating: ★★★★★★ Overview: Brazilian Rare Earths Limited is engaged in the exploration of rare earth elements and other critical minerals in Brazil, with a market cap of A$670.54 million. Operations: Currently, there are no reported revenue segments for this company. Market Cap: A$670.54M Brazilian Rare Earths Limited, with a market cap of A$670.54 million, is a pre-revenue company focused on rare earth elements in Brazil. Recent advancements include successful production of high-purity mixed-rare earth carbonate and uranium peroxide from its Monte Alto Project, marking significant progress in its strategy to establish an integrated supply chain. Exploration at the Sulista Project revealed ultra-high-grade deposits and promising drill results, enhancing future potential. Although debt-free with sufficient cash runway for over a year, the company remains unprofitable and led by an inexperienced management team. Strategic alliances are underway to optimize mineral processing capabilities. Dive into the specifics of Brazilian Rare Earths here with our thorough balance sheet health report. Review our growth performance report to gain insights into Brazilian Rare Earths' future. HMC Capital Simply Wall St Financial Health Rating: ★★★★★☆ Overview: HMC Capital Limited, along with its subsidiaries, owns and manages real estate-focused funds in Australia and has a market capitalization of A$1.59 billion. Operations: HMC Capital generates revenue from its real estate segment, amounting to A$77.6 million. Market Cap: A$1.59B HMC Capital, with a market cap of A$1.59 billion, presents a mixed picture for investors interested in penny stocks. The company has shown substantial earnings growth over the past year at 289.9%, outperforming the industry average significantly. However, this growth includes a large one-off gain of A$130.1 million affecting recent results. HMC's valuation appears attractive as it trades below estimated fair value and maintains good relative value compared to peers. Despite having more cash than debt and covering interest payments comfortably, its operating cash flow coverage is weak, and future earnings are forecast to decline slightly over three years by an average of 1.5% annually. Click to explore a detailed breakdown of our findings in HMC Capital's financial health report. Gain insights into HMC Capital's outlook and expected performance with our report on the company's earnings estimates. United Overseas Australia Simply Wall St Financial Health Rating: ★★★★★★ Overview: United Overseas Australia Ltd, along with its subsidiaries, is involved in the development and resale of land and buildings across Malaysia, Singapore, Vietnam, and Australia with a market capitalization of A$1.02 billion. Operations: The company's revenue segments include the development and resale of land and buildings across Malaysia (MYR 1.72 billion), Singapore (MYR 1.14 billion), Vietnam (MYR 0.98 billion), and Australia (MYR 0.95 billion). Market Cap: A$1.02B United Overseas Australia Ltd, with a market cap of A$1.02 billion, demonstrates key traits appealing to penny stock investors. The company has achieved significant earnings growth of 14.2% over the past year, surpassing industry averages and reflecting strong operational performance. Its financial health is robust with short-term assets exceeding both short and long-term liabilities significantly, while debt levels have been reduced to zero from 5.5% over five years. Despite a lower net profit margin compared to last year, the company's price-to-earnings ratio suggests it offers good value relative to the broader Australian market average. Unlock comprehensive insights into our analysis of United Overseas Australia stock in this financial health report. Gain insights into United Overseas Australia's historical outcomes by reviewing our past performance report. Key Takeaways Click this link to deep-dive into the 458 companies within our ASX Penny Stocks screener. Want To Explore Some Alternatives? Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:BRE ASX:HMC and ASX:UOS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
ASX Penny Stocks Spotlight: Alcidion Group And Two More To Consider
As global markets react to shifting trade policies, the Australian market is poised for a modest rise, reflecting an optimistic sentiment. In this context, penny stocks—though often considered outdated—remain a compelling area of interest for investors seeking affordable entry points into potentially high-growth sectors. While these stocks typically involve smaller or newer companies, those with strong financial health can offer intriguing opportunities for growth. Name Share Price Market Cap Financial Health Rating Alfabs Australia (ASX:AAL) A$0.38 A$108.9M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$2.15 A$101.42M ★★★★★★ GTN (ASX:GTN) A$0.605 A$115.35M ★★★★★★ IVE Group (ASX:IGL) A$2.98 A$459.46M ★★★★★☆ West African Resources (ASX:WAF) A$2.30 A$2.62B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.73 A$457.43M ★★★★★★ Regal Partners (ASX:RPL) A$2.65 A$891M ★★★★★★ Sugar Terminals (NSX:SUG) A$0.99 A$360M ★★★★★★ Navigator Global Investments (ASX:NGI) A$1.66 A$813.53M ★★★★★☆ CTI Logistics (ASX:CLX) A$1.84 A$148.2M ★★★★☆☆ Click here to see the full list of 460 stocks from our ASX Penny Stocks screener. Let's dive into some prime choices out of the screener. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Alcidion Group Limited develops and licenses healthcare software products across Australia, New Zealand, and the United Kingdom, with a market cap of A$147.72 million. Operations: The company's revenue is derived from the provision of healthcare software solutions, totaling A$35.64 million. Market Cap: A$147.72M Alcidion Group Limited, with a market cap of A$147.72 million and revenue of A$35.64 million, is unprofitable but maintains a positive cash flow and sufficient cash runway for over three years. The company has no debt, although its short-term liabilities exceed its assets by A$1.4 million. Recent changes include the retirement of Non-Executive Director Victoria Weekes and Danny Sharp's new role as Chair of the Audit and Risk Committee. Despite losses increasing at 20.2% annually over five years, earnings are forecast to grow significantly at 106% per year according to consensus estimates. Jump into the full analysis health report here for a deeper understanding of Alcidion Group. Gain insights into Alcidion Group's future direction by reviewing our growth report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Cogstate Limited is a neuroscience technology company that focuses on creating, validating, and commercializing digital brain health assessments for academic and industry-sponsored research, with a market cap of A$295.41 million. Operations: Cogstate generates revenue from two main segments: Healthcare (including Sport) which contributes $2.98 million, and Clinical Trials (including Precision Recruitment Tool & Research) which brings in $44.22 million. Market Cap: A$295.41M Cogstate Limited, with a market cap of A$295.41 million, has shown robust financial health and growth potential. The company is debt-free, with short-term assets of A$46.9 million comfortably covering both short-term and long-term liabilities. Recent earnings guidance anticipates full-year revenue between A$52 million and A$54 million, marking a 20% to 24% improvement from the previous year. Cogstate's earnings have grown by an impressive 33.3% over the past year, outpacing its five-year average growth rate of 31.9%. Despite a low return on equity at 16.6%, its high-quality earnings underscore solid operational performance in the neuroscience technology sector. Dive into the specifics of Cogstate here with our thorough balance sheet health report. Understand Cogstate's earnings outlook by examining our growth report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: GR Engineering Services Limited offers engineering, procurement, and construction services to the mining and mineral processing sectors both in Australia and internationally, with a market cap of A$562.49 million. Operations: The company's revenue is derived from two main segments: Oil and Gas, contributing A$96.61 million, and Mineral Processing, which generates A$412.30 million. Market Cap: A$562.49M GR Engineering Services, with a market cap of A$562.49 million, demonstrates solid financial health and growth potential in the engineering sector. The company is debt-free and its short-term assets of A$180 million exceed both short-term and long-term liabilities. Its recent earnings growth of 34.3% surpasses the industry average, highlighting robust operational performance. With an outstanding return on equity at 53%, GR Engineering's profitability has improved alongside stable weekly volatility over the past year. Despite an unstable dividend track record, its high-quality earnings and experienced management team enhance its appeal in the penny stock landscape. Navigate through the intricacies of GR Engineering Services with our comprehensive balance sheet health report here. Explore historical data to track GR Engineering Services' performance over time in our past results report. Dive into all 460 of the ASX Penny Stocks we have identified here. Looking For Alternative Opportunities? Trump has pledged to "unleash" American oil and gas and these 22 US stocks have developments that are poised to benefit. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:ALC ASX:CGS and ASX:GNG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
12-07-2025
- Business
- Yahoo
Why Gray Media (GTN) Dipped More Than Broader Market Today
Gray Media (GTN) ended the recent trading session at $5.36, demonstrating a -4.63% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.33%. Meanwhile, the Dow lost 0.63%, and the Nasdaq, a tech-heavy index, lost 0.22%. Shares of the broadcast television company witnessed a gain of 43.73% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 4.98%, and the S&P 500's gain of 4.07%. The upcoming earnings release of Gray Media will be of great interest to investors. The company's earnings report is expected on August 8, 2025. It is anticipated that the company will report an EPS of -$0.34, marking a 477.78% fall compared to the same quarter of the previous year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.72 per share and revenue of $3.15 billion, indicating changes of -121.43% and -13.67%, respectively, compared to the previous year. Investors should also pay attention to any latest changes in analyst estimates for Gray Media. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Gray Media is carrying a Zacks Rank of #3 (Hold). The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 149, finds itself in the bottom 40% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gray Media Inc. (GTN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
