Gannett Announces Debt Repayment & Refinancing Update
Gannett Co., Inc. (GCI)
Last gannett co., inc. earnings: 11/4 06:55 am
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Source: Business Wire
NEW YORK, NY--(BUSINESS WIRE)--Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today announced that from the beginning of the third quarter through the close of business on September 9, 2024, the Company expects to have sold approximately $13.0 million in real estate and non-strategic asset sales, including the proceeds from the sale of certain businesses. Proceeds from the asset sales are expected to be used to repay approximately $13.0 million of our five-year senior secured term loan facility."With these most recent asset sales, we expect to reduce our debt by $53 million year-to-date, and we believe we remain on track to repay at least $110 million for the full year. We expect to continue optimizing our real estate and non-strategic asset portfolio to further accelerate our debt reduction plan. While the sale of these businesses and the announced closure of Reviewed.com will impact total revenue starting in the third quarter of 2024, they are not
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GCI
News
- Gannett Announces Third Quarter 2024 Results & Updated Full Year OutlookBusiness Wire
- Gannett Announces Expiration of Exchange Offer and Consent SolicitationBusiness Wire
- Gannett Schedules Third Quarter 2024 ResultsBusiness Wire
- Gannett Announces Closing of Refinancing Transactions and Early Settlement of Exchange Offer and Consent SolicitationBusiness Wire
- Gannett Announces Results of Early Participation in Exchange Offer and Consent SolicitationBusiness Wire
GCI
Sec Filings
- 11/14/24 - Form SC
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- GCI's page on the SEC website