---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-004338"
form_type: "8-K"
ticker: "TDAY"
cik: "0001579684"
company_name: "USA TODAY Co., Inc."
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T01:01:41.070194+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Gannett cuts first lien debt by $22.3M using real estate sale proceeds; expects $120M reduction in 2023

## Summary
- Used $21.3M from January real estate sales to reduce first lien debt by $22.3M.
- Repurchased $6.1M of 6.00% senior notes due 2026 at a discount; repaid $16.3M on term loan.
- Expects $50M-$60M in additional asset sales in 2023 to further pay down debt.
- Targets approximately $120M total debt reduction for the year via asset sales and amortization.

## SEC filing metadata
- accession: 0001140361-23-004338
- form_type: 8-K
- ticker: TDAY
- cik: 0001579684
- company_name: USA TODAY Co., Inc.
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579684/000114036123004338/0001140361-23-004338-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579684/000114036123004338/brhc10047505_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-004338
- JSON: https://secwatch.observer/filing/0001140361-23-004338.json
- Plain text: https://secwatch.observer/filing/0001140361-23-004338.txt

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