---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-038898"
form_type: "8-K"
ticker: "TDAY"
cik: "0001579684"
company_name: "USA TODAY Co., Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T17:34:01.321617+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Gannett repays $46.9M of first lien debt using real estate proceeds; expects to exceed $130M reduction in 2023

## Summary
- Used $44.4M from Q3 real estate sales to reduce first lien debt by $46.9M.
- Repurchased $18.5M of 6.00% first lien notes due 2026 at a discount using $16M.
- Repaid $28.4M on senior secured term loan.
- Year-to-date debt repayment ~$100M; raised 2023 target to at least $130M.
- Expects first lien net leverage below 2.0x by year-end; CEO cites strong liquidity.

## SEC filing metadata
- accession: 0001140361-23-038898
- form_type: 8-K
- ticker: TDAY
- cik: 0001579684
- company_name: USA TODAY Co., Inc.
- filed_at: 2023-08-10T23:59:59+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/1579684/000114036123038898/0001140361-23-038898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579684/000114036123038898/brhc20057285_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-038898
- JSON: https://secwatch.observer/filing/0001140361-23-038898.json
- Plain text: https://secwatch.observer/filing/0001140361-23-038898.txt

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