---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-044234"
form_type: "8-K"
ticker: "TDAY"
cik: "0001579684"
company_name: "USA TODAY Co., Inc."
filed_at: "2023-09-18T23:59:59+00:00"
generated_at: "2026-06-10T14:48:24.810919+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-23-044234
- form_type: 8-K
- ticker: TDAY
- cik: 0001579684
- company_name: USA TODAY Co., Inc.
- filed_at: 2023-09-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579684/000114036123044234/0001140361-23-044234-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579684/000114036123044234/ef20010643_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-044234
- JSON: https://secwatch.observer/filing/0001140361-23-044234.json
- Plain text: https://secwatch.observer/filing/0001140361-23-044234.txt

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