Gannett accepts tenders for 13.5% of floating-rate notes due 2009

By Jennifer Chiou

New York, Dec. 12 - Gannett Co., Inc. announced the receipt of tenders from holders of $98.43 million, or about 13.5%, of its floating-rate notes due 2009.

The offer expired at 5 p.m. ET on Dec. 11. It began on Dec. 4.

The company offered $950 per $1,000 principal amount of notes, plus the accrued interest to the settlement date.

Gannett said it used its existing credit facilities and available cash to fund the offer.

Citigroup Global Markets, Inc. was the dealer manager (877 531-8365), and Global Bondholder Services Corp. was the information agent (call collect 212 430-3774 or 866 470-1500).

Gannett is a news media company based in MacLean, Va. It publishes 85 daily newspapers in the United States. The company also owns newspapers in the United Kingdom, 23 television stations in the United States and several internet properties.

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