Gannett repurchases $15M of 6% notes at 87.5% discount; YTD debt reduction ~$115M

USA TODAY Co., Inc.

Repurchased $15M of 6.00% first lien notes due 2026 for ~$13.1M (87.5% of par).
Apollo waived $13.1M of scheduled Q3 2023 amortization to fund the repurchase.
Year to date, Gannett has repaid ~$115M of debt; on track to exceed $130M in 2023.
Company targets first lien net leverage below 2.0x by year-end 2023.
CEO cites strategic actions to optimize capital structure and create shareholder value.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.