Gannett Sells $500 Million 4.125% Notes Due 2008
McLEAN, VA – Gannett Co., Inc. (NYSE: GCI) announced today that it has agreed to sell $500 million aggregate principal amount of 4.125% notes due 2008 in an underwritten public offering through Barclays Capital. The net proceeds of the offering are expected to be used to repay a portion of Gannett’s outstanding commercial paper as it matures. The offering is expected to close on June 16, 2005.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. When available, a written prospectus relating to the offering may be obtained from Barclays Capital, 200 Park Avenue, New York, New York 10166
Gannett Co., Inc. is a leading international news and information company that publishes 101 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns more than 800 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom’s second largest regional newspaper company. Newsquest publishes more than 300 titles, including 17 daily newspapers, and a network of prize-winning Web sites. Gannett also operates 21 television stations in the United States and is an Internet leader with sites sponsored by its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the Web.
Gannett is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this press release by wire services, Internet service providers or other media.
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