Gannett Announces Further Debt Reduction [Yahoo! Finance]
Gannett Co., Inc. (GCI)
Last gannett co., inc. earnings: 11/4 06:55 am
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Source: Yahoo! Finance
repurchase approximately $13.0 million of 6.00% first lien notes due November 1, 2026 (the "2026 Senior Notes") for approximately $12.0 million, representing a discount to par value. The transaction is expected to close on March 28, 2024. In connection with the repurchase of the 2026 Senior Notes, the Company will receive a waiver from certain lenders under its five-year senior secured term loan facility that will reduce the scheduled amortization payment for the fiscal quarter ending March 31, 2024 payable to those lenders by the amount spent by the Company to repurchase the 2026 Senior Notes. "By working with our lenders, we are continuing to opportunistically take out senior notes below par value, and this latest repurchase builds upon the agreements announced in November and September of 2023," said Michael Reed, Chairman and Chief Executive Officer. "We expect debt reduction and improvement in our capital structure to remain our primary use of capital allocation, and as a resul
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GCI
News
- Gannett Schedules First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Gannett Schedules First Quarter 2024 ResultsBusiness Wire
- Gannett Announces Nomination of Independent Candidate to Board of DirectorsBusiness Wire
- Gannett Announces Further Debt ReductionBusiness Wire
- Performance improvement app Uplift takes grand prize of $25K at inaugural Golfweek Tech Lab [USA TODAY]USA TODAY
GCI
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEF
- 4/1/24 - Form 4
- GCI's page on the SEC website