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home / news releases / GCI - Gannet to use real estate sales proceed to cut debt

GCI - Gannet to use real estate sales proceed to cut debt

Gannett Co. Inc.
  • Gannett ( NYSE: GCI ) to used proceeds of $21.3M from real estate sales completed in January 2023 to reduce its first lien debt by $22.3 million.
  • ~$5M of the proceeds were used to repurchase ~$6.1M of 6.00% first lien notes due November 1, 2026, representing a discount to par.
  • The remaining $16.3M of proceeds were used to repay amounts under its five-year senior secured term loan facility.

For further details see:

Gannet to use real estate sales proceed to cut debt
Stock Information
Company Name: Gannett Co. Inc.
Stock Symbol: GCI
Market: NYSE
Website: gannett.com
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