MCLEAN, Va., Sep 27, 2010 (BUSINESS WIRE) --
Gannett Co., Inc. (NYSE: GCI) today announced the successful completion
of its previously announced private placement offering of $250 million
aggregate principal amount of its 6.375% Senior Notes due 2015 and $250
million aggregate principal amount of its 7.125% Senior Notes due 2018.
The Company intends to use the net proceeds from the offering to repay
borrowings outstanding under its revolving credit facilities and term
The Notes have not been registered under the Securities Act or any state
securities laws and may not be offered or sold in the United States
absent registration except pursuant to an applicable exemption from the
registration requirements of the Securities Act and applicable state
securities laws. This press release does not constitute an offer to sell
or the solicitation of an offer to buy the Notes or any other securities.
Gannett Co., Inc. (NYSE: GCI) is an international news and information
company operating on multiple platforms including the Internet, mobile,
newspapers, magazines and TV stations. Gannett is an Internet leader
with hundreds of newspaper and TV web sites; CareerBuilder.com, the
nation's top employment site; USATODAY.com; and more than 80 local
MomsLikeMe.com sites. Gannett publishes 82 daily U.S. newspapers,
including USA TODAY, the nation's largest-selling daily newspaper, and
more than 600 magazines and other non-dailies including USA WEEKEND.
Gannett also operates 23 television stations in 19 U.S. markets. Gannett
subsidiary Newsquest is one of the UK's leading regional community news
providers, with 17 daily paid-for titles, more than 200 weekly
newspapers, magazines and trade publications, and a network of web sites.
SOURCE: Gannett Co., Inc.
Gannett Co., Inc.
For investor inquiries, contact:
Director, Investor Relations
For media inquiries, contact:
Vice President of Corporate Communications