| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Gannett Co. Inc. > News item |
Gannett accepts tenders for $197.95 million of 4.75% convertible notes
By Marisa Wong
Los Angeles, Jan. 2 – Gannett Media Corp. announced the expiration and final results of its cash tender offer for any and all of its 4.75% convertible senior notes due 2024.
As of midnight ET on Dec. 30, the expiration of the offer, holders had tendered $197.95 million, or 98.36%, of the total notes outstanding.
The company has accepted for purchase all of the tendered notes at a purchase price of par plus accrued interest, for an aggregate cost of $199,934,999.
Payment was made on Dec. 31.
After settlement, $3.3 million of the notes remains outstanding.
U.S. Bank NA acted as the paying agent.
There were no conversions of notes in connection with a make-whole fundamental change, the company noted.
Formerly known as Gannett Co., Inc., Gannett Media is a subsidiary of Gannett Co., Inc., a McLean, Va.-based media and marketing company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.