Gannett (GCI) Announces $1.045 Billion Debt Refinancing
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Gannett Announces $1.045 Billion Debt Refinancing
February 1, 2021 6:30 AM ESTNew Term Loan carries a significantly lower interest rate and extends maturity to February 2026
Widely syndicated public financing provides the Company with increased operational flexibility
2021 cash interest expense expected to be approximately $90 million less than 2020
Company remains committed to continued debt and leverage reduction
MCLEAN, Va.--(BUSINESS WIRE)-- Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today announced that Gannett Holdings, LLC, a wholly owned subsidiary of the... More
