Gannett Co., Inc. Announces Completion of $500 Million Offering

Gannett Co., Inc. GCI today announced the successful completion of its previously announced private placement offering of $250 million aggregate principal amount of its 6.375% Senior Notes due 2015 and $250 million aggregate principal amount of its 7.125% Senior Notes due 2018. The Company intends to use the net proceeds from the offering to repay borrowings outstanding under its revolving credit facilities and term loan.