Gannett expects to repay $13M debt from asset sales; YTD debt reduction $53M

USA TODAY Co., Inc.

Proceeds from ~$13M in real estate and asset sales to repay term loan facility.
Year-to-date debt reduction of $53M; on track for at least $110M full-year repayment.
Refinancing update: expects to commence exchange offers for 6.0% notes due 2026 and 2027 in late September.
Sale of businesses and closure of Reviewed.com will reduce total revenue but not materially impact Adjusted EBITDA.

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