Gannett Co., Inc., a US-based media and marketing solutions company, has completed its private offering of $600 million aggregate principal amount of 5.125% senior notes due 2020.
Update on July 25, 2013:
Gannett has increased and priced its private offering of $600 million aggregate principal amount of 5.125% senior notes due 2020.
The notes were priced at 98.566% of face value. Subject to certain exceptions, the notes may not be redeemed by the company prior to July 15, 2016.
The closing of the transaction is expected to occur on July 29, 2013.
Announcement (July 24, 2013):
Gannett intends to offer $500 million of senior notes due 2020 in a private offering.
The notes will be guaranteed on a senior basis by the subsidiaries of the company that guarantee its revolving credit facilities.