---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-22-000083"
form_type: "8-K"
ticker: "TDAY"
cik: "0001579684"
company_name: "USA TODAY Co., Inc."
filed_at: "2022-02-04T23:59:59+00:00"
generated_at: "2026-06-27T11:04:13.909007+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gannett authorizes $100M share repurchase, amends credit agreement for $50M incremental term loan

## Summary
- Board authorized up to $100M of common stock repurchase; may use open market, 10b5-1 plans, or tender offers.
- Credit agreement amended for $50M incremental term loan; interest rate changes from LIBOR to Term SOFR + 5.00% + spread.
- Supplemental indenture to 6% convertible notes permits up to $100M of stock repurchases through Dec 31, 2022.
- CEO Michael Reed says stock price represents significant discount to intrinsic value; capital allocation includes debt paydown.

## SEC filing metadata
- accession: 0000950157-22-000083
- form_type: 8-K
- ticker: TDAY
- cik: 0001579684
- company_name: USA TODAY Co., Inc.
- filed_at: 2022-02-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579684/000095015722000083/0000950157-22-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579684/000095015722000083/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-22-000083
- JSON: https://secwatch.observer/filing/0000950157-22-000083.json
- Plain text: https://secwatch.observer/filing/0000950157-22-000083.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.