Gannett enters $900M term loan with Apollo; extends maturities and exchanges notes

USA TODAY Co., Inc.

New $900M first lien term loan (initial $674.4M + delayed draw $225.6M) at SOFR+5% with 1.50% floor, 5-year maturity.
Proceeds used to repay existing 2026 term loan, repurchase/redeem 6.0% 2026 notes and exchange up to 50% of 2027 convertible notes.
Apollo funds, holding ~$81M of 2026 notes and ~$441M of 2027 notes, agree to tender and exchange as part of the transactions.
Delayed draw facility available for 6 months to repurchase any additional 2026 notes tendered for cash.

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.