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.
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5-day change | 1st Jan Change | ||
2.58 USD | 0.00% | -0.77% | +12.17% |
Mar. 26 | Gannett Co., Inc. Announces Further Debt Reduction | CI |
Feb. 22 | Transcript : Gannett Co., Inc., Q4 2023 Earnings Call, Feb 22, 2024 |
EPS Revisions
1st Jan change | Capi. | |
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+12.17% | 362M | |
+2.36% | 8.29B | |
+9.50% | 6.43B | |
+38.74% | 5.07B | |
+14.98% | 3.56B | |
+21.44% | 3.06B | |
+8.71% | 3B | |
-1.11% | 2.42B | |
+7.85% | 1.71B | |
+17.55% | 1.64B |
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