---
schema_version: "secwatch.filing_event.v1"
accession: "0001579684-24-000049"
form_type: "8-K"
ticker: "TDAY"
cik: "0001579684"
company_name: "USA TODAY Co., Inc."
filed_at: "2024-08-26T23:59:59+00:00"
generated_at: "2026-05-31T07:38:39.028775+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001579684-24-000049
- form_type: 8-K
- ticker: TDAY
- cik: 0001579684
- company_name: USA TODAY Co., Inc.
- filed_at: 2024-08-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1579684/000157968424000049/0001579684-24-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1579684/000157968424000049/gci-20240825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001579684-24-000049
- JSON: https://secwatch.observer/filing/0001579684-24-000049.json
- Plain text: https://secwatch.observer/filing/0001579684-24-000049.txt

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