MCLEAN, Va.--(BUSINESS WIRE)--Jul. 6, 2015--
TEGNA Inc. (NYSE: TGNA), formerly Gannett Co., Inc., has entered into a
$1.32 billion revolving credit facility, maturing in June, 2020, and a
new five-year $200 million term loan. Both facilities became effective
with the completion of the spinoff of the publishing business on June
29, 2015.
“We are very pleased with the terms of our revolving credit facility and
term loan, both of which reflect the financial strength and projected
growth trajectory of TEGNA,” said Gracia Martore, president and CEO,
TEGNA. “We are well-positioned, and have more than sufficient financial
flexibility, to continue to invest in innovation, high-impact strategic
acquisitions and other opportunities for growth that complement and
enhance the operational performance of the company, while continuing to
deliver value to our shareholders.”
About TEGNA
TEGNA Inc. (NYSE: TGNA), formerly Gannett Co., Inc., is comprised of a
dynamic portfolio of media and digital businesses that provide content
that matters and brands that deliver. TEGNA reaches more than 90 million
Americans and delivers highly relevant, useful and smart content, when
and how people need it, to make the best decisions possible. TEGNA Media
includes 46 television stations (including those serviced by TEGNA) and
is the largest independent station group of major network affiliates in
the top 25 markets, reaching approximately one-third of all television
households nationwide. TEGNA Digital is comprised of Cars.com, the
leading online destination for automotive consumers, CareerBuilder, a
global leader in human capital solutions, and other powerful brands such
as G/O Digital, Clipper and Sightline Media Group. For more information,
visit www.TEGNA.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150706005653/en/
Source: TEGNA Inc.
TEGNA Inc.
For media inquiries, contact:
Jeremy Gaines
Vice
President, Corporate Communications
703-854-6917
jmgaines@TEGNA.com
or
For
investor inquiries, contact:
Jeffrey Heinz
Vice President,
Investor Relations
703-854-6917
jheinz@TEGNA.com