Gannett completes $500 million senior notes offering

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Gannett Co. Inc. announced Monday it has completed its private offering of $500 million in senior notes, which the company will use to pay off outstanding debt.

The offering includes $250 million of its 6.375 percent senior notes due 2015 and $250 million of its 7.125 percent senior notes that are due in 2018.

Gannett, the McLean-based media company that publishes USA Today, said it will use the proceeds to repay debt on its revolving credit facilities and term loan.

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