Gannett Announces Additional Debt Reduction

Gannett Co., Inc. (NYSE: GCI) announced today it has prepaid approximately $57.5 million on its five-year first lien term loan facility (the “2029 Term Loan Facility”). As a result of this prepayment, the Company has reduced its first lien debt from $850.0 million to $792.5 million during the first quarter of 2025.

The debt repayment was funded with the proceeds from the sale of the Austin-American Statesmen that was completed on February 28, 2025, as well as cash on hand.

“As part of our long-term strategy, debt repayment remains a high priority, and we continue to make measurable progress, while also maintaining a healthy balance sheet and a strong liquidity position,” said Michael Reed, Chairman and Chief Executive Officer.
https://gannett2023cr.q4web.com/news/news-details/2025/Gannett-Announces-Additional-Debt-Reduction/default.aspx

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