Gannett makes $36.2 million prepayment on senior term loan

By Sarah Lizee

Olympia, Wash., Jan. 7 – Gannett Co., Inc. said it made a prepayment of $36.2 million in principal and accrued interest of its senior secured term loan facility, according to a press release.

As a result of the prepayment, the company reduced the outstanding principal amount under the term facility by $35.8 million to $1,756,000,000.

The debt prepayment was funded with excess cash on hand, including the proceeds from the sale of a local facility that was completed prior to year-end.

Gannett is a McLean, Va.-based media and marketing company.

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