Gannett to repurchase $14M in 6% senior notes at ~12M discount; debt reduction YTD $138M

USA TODAY Co., Inc.

Repurchasing $14M of 6.00% first lien notes due 2026 for ~$12M, a discount to par.
Transaction expected to close Nov 17, 2023; waiver reduces Q4 amortization by repurchase amount.
Year-to-date total debt reduction ~$138M, exceeding initial 2023 projections.
First lien net leverage below 2.0x in Q3 2023.

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.