Gannett Co., Inc. announced it will repurchase approximately $13.0 million of 6.00% first lien notes due November 1, 2026 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.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
4 USD | -3.38% | +6.38% | +73.91% |
May. 30 | Gannett, USA Today Network Become Official Media Content Partners of CONCACAF | MT |
May. 24 | Citigroup Upgrades Gannett to Neutral From Sell, Raises Price Target to $3.60 From $1.95 | MT |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+73.91% | 556M | |
-0.25% | 8.17B | |
+4.92% | 6.44B | |
+21.35% | 4.44B | |
+27.92% | 3.96B | |
+20.24% | 3.36B | |
+29.99% | 3.28B | |
+17.21% | 2.89B | |
+36.42% | 1.95B | |
-3.08% | 1.53B |
- Stock Market
- Equities
- GCI Stock
- News Gannett Co., Inc.
- Gannett Co., Inc. Announces Further Debt Reduction