Gannett Announces Results of Early Participation in Exchange Offer and Consent Solicitation
As of
|
|
|
|
Notes Tendered as of
|
|
Notes to be
|
CUSIP/ISIN |
Aggregate
|
Consideration (1) |
Principal
|
Percentage |
6.000% Senior
|
36474G AA3 /
|
|
Loan Option:
|
|
14.51% |
Cash Option:
|
|
84.10% |
|||
Total |
|
98.61% |
_________________________________________________________________________ | ||
(1) |
The Loan Option Consideration or Cash Option Consideration, as applicable, will be paid for each |
The Exchange Offer and Consent Solicitation are being made pursuant to the terms and subject to the conditions set forth in a confidential offer to exchange and consent solicitation statement dated
The Exchange Offer and Consent Solicitation will expire at
The Offer to Exchange and Consent Solicitation Statement will be distributed only to holders of the Notes. The complete terms and conditions of the Exchange Offer and Consent Solicitation are described in the Offer to Exchange and Consent Solicitation Statement, a copy of which may be obtained by contacting
This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Exchange Offer and Consent Solicitation are being made solely pursuant to the Offer to Exchange and Consent Solicitation Statement and only to such persons and in such jurisdictions as is permitted under applicable law.
About Gannett
Our website address is www.gannett.com. We use our website as a channel of distribution for important company information, including press releases and other news and presentations, which is accessible on the Investor Relations and News and Events subpages of our website.
Cautionary Statement Regarding Forward-Looking Statements
Certain items in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding our ability to refinance our debt facilities, maturity of debt, note repurchases, exchanges and redemptions, uses of proceeds, expectations (including timing) with respect to the Exchange Offer and Consent Solicitation, availability of future financing and interest expense. Words such as “seek”, “endeavor”, “expect(s)”, “may”, “intend”, “will” and similar expressions are intended to identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties. These and other risks and uncertainties could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. The Company can give no assurance its expectations regarding the Exchange Offer and Consent Solicitation or any other proposed financing or liability management transactions, or otherwise, will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could cause actual results to differ from such forward-looking statements, see the section entitled “Risk Factors” in the Offer to Exchange and Consent Solicitation Statement and the risks and other factors detailed in the Company’s 2023 Annual Report on Form 10-K and from time to time in other filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20241011778714/en/
For investor inquiries, contact:
Investor Relations
703-854-3000
investors@gannett.com
For media inquiries, contact:
Lark-
Corporate Communications
646-906-4087
lark@gannett.com
Source: Gannett Co., Inc.