Gannett reports debt repayment, refinancing update [Seeking Alpha]
Gannett Co., Inc. (GCI)
Last gannett co., inc. earnings: 11/4 06:55 am
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Source: Seeking Alpha
expects to have sold approximately $13.0M 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," said Michael Reed, Gannett Chairman and Chief Executive Officer. "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 expected to materially impact Adjusted EBITDA." Furthermore, Gannett Co. ( GCI ) expects to announce details and commence negotiations later this month for the exchange of the company's 6.0% Senior Secured Convertible Notes due 2027 and its 6.0% first lien notes due November 1, 2026. Gannett Co.
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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