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.
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”、“我們”、“我們的” 或 “公司”）（紐約證券交易所代碼：GCI）今天宣佈，它將以約1,200萬美元的價格回購約1,300萬美元於2026年11月1日到期的6.00％第一留置權票據（“2026年優先票據”），相當於面值的折扣。該交易預計將於2024年3月28日完成。在回購2026年優先票據方面，公司將在其五年期優先有擔保定期貸款機制下獲得某些貸款機構的豁免，這將減少公司回購2026年優先票據所花費的金額，減少截至2024年3月31日的財季向這些貸款機構支付的預定攤還款。
譯文內容由第三人軟體翻譯。
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