Gannett Co Inc.

NYSE:GCI   11:36:32 AM EDT
5.79
-0.10 (-1.70%)
Debt Financing / Related, Other Pre-Announcement

Gannett Announces Opportunistic Debt Refinancing

Published: 09/27/2021 10:07 GMT
Gannett Co Inc. (GCI) - Gannett Announces Opportunistic Debt Refinancing.
Gannett Co Inc - Seeking to Opportunistically Refinance Its Existing Term Loan Under Its Senior Secured Credit Facilities.
Gannett Co Inc - Intends to Issue Senior Secured Notes to Refinance a Portion of Term Loan.
Gannett Co Inc - Intends to Refinance Remainder of Existing Term Loan With a New Senior Secured Term Loan.
Gannett Co Inc - During Q3 of 2021 Company Continues to Expect Its Overall Revenue to Be Down Slightly Year-over-year.
Gannett Co Inc - During Q3 of 2021 Continues to Expect Growth Year-over-year on a Same Store Basis.
Gannett Co Inc - Adjusted EBITDA for Q3 of 2021 is Expected to Grow As Compared With Adjusted EBITDA for Q3 of 2020.
Gannett Co - Margin Outlook for Q3 is Being Impacted by Inflationary Pressures on Newsprint and Delivery As Well As Resurgence in Covid-19 Pandemic.
Gannett Co Inc - Now Expects That Its Adjusted EBITDA Margin in Q3 of 2021 Will Be About 12-13% Versus Approximately 13.7% in First Half of 2021.