Gannett Sells $1.8 Billion in Unsecured Global Notes
McLEAN, Va. – Gannett Co., Inc. (NYSE: GCI) announced today that it has agreed to sell $1.8 billion aggregate principal amount of unsecured global notes in an underwritten public offering through an underwriting group led by Banc of America Securities LLC, Banc One Capital Markets, Inc. and J.P. Morgan Securities Inc. The unsecured global notes sold by Gannett consist of $600 million aggregate principal amount of 4.95% Notes due 2005, $700 million aggregate principal amount of 5.50% Notes due 2007 and $500 million aggregate principal amount of 6.375% Notes due 2012. The net proceeds of the offering are expected to be used to repay outstanding commercial paper.
Gannett Co., Inc. is an international news and information company that owns 95 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. Gannett also owns in excess of 300 non-daily publications and USA WEEKEND, a weekly newspaper magazine. In the United Kingdom, a Gannett subsidiary, Newsquest plc, publishes more than 300 titles, including 15 daily newspapers. Gannett also operates 22 television stations and is an Internet leader with sites operated by most of its TV stations and newspapers, including USATODAY.com.
This press release shall not constitute an offer to sell nor the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. A written prospectus relating to the Notes offering may be obtained from Banc of America Securities LLC, 9 West 57th Street, New York, NY 10019.
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