---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-043565"
form_type: "8-K"
ticker: "TDAY"
cik: "0001579684"
company_name: "USA TODAY Co., Inc."
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T13:42:27.094532+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Gannett completes $274.7M notes exchange and $850M term loan refinancing; issues new 2031 convertibles

## Summary
- Exchanged 98.6% ($274.7M) of 6.000% Senior Secured Notes due 2026 for cash/term loans; $3.86M remain.
- Repurchased/exchanged $447.2M of 2027 Convertible Notes for cash ($248.2M) and new 2031 Notes ($223.6M).
- Issued $223.7M new 6.000% Convertible Notes due 2031; conversion price $5.00 (200 shares/$1,000); Apollo Funds bought $110M.
- Entered $850.4M term loan ($49.6M delayed draw) under amended credit facility; SOFR+5.00%, 5-year, $17M annual amortization.
- Apollo Administrative Agency replaces Citibank as agent; new covenant requires $30M minimum liquidity quarterly.

## SEC filing metadata
- accession: 0001140361-24-043565
- form_type: 8-K
- ticker: TDAY
- cik: 0001579684
- company_name: USA TODAY Co., Inc.
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579684/000114036124043565/0001140361-24-043565-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579684/000114036124043565/ef20037312_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-043565
- JSON: https://secwatch.observer/filing/0001140361-24-043565.json
- Plain text: https://secwatch.observer/filing/0001140361-24-043565.txt

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