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Gannett Says It Prepaid Approximately $57.5M On Its Five-year First Lien Term Loan Facility

Benzinga·03/07/2025 12:31:51
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As a result of this prepayment, the company has reduced its first lien debt from $850.0 million to $792.5 million during the first quarter of 2025.

The debt repayment was funded with the proceeds from the sale of the Austin-American Statesmen that was completed on February 28, 2025, as well as cash on hand.