Gannett Announces $13M Repurchase of Senior Notes at a Discount, Secures Lender Waiver for Loan Payment Reduction
Gannett Announces $13M Repurchase of Senior Notes at a Discount, Secures Lender Waiver for Loan Payment Reduction
Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE:GCI) announced today it will 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.
甘尼特公司（“甘尼特”、“我们”、“我们的” 或 “公司”）（纽约证券交易所代码：GCI）今天宣布，它将以约1,200万美元的价格回购约1,300万美元于2026年11月1日到期的6.00％第一留置权票据（“2026年优先票据”），相当于面值的折扣。该交易预计将于2024年3月28日完成。在回购2026年优先票据方面，公司将在其五年期优先有担保定期贷款机制下获得某些贷款机构的豁免，这将减少公司回购2026年优先票据所花费的金额，减少截至2024年3月31日的财季向这些贷款机构支付的预定摊还款。