Gannett completes $500 million senior notes offering
- September 27, 2010
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.