Gannett Expects To Repay Approximately $13M Of Five-year Senior Secured Term Loan Facility, With Real Estate And Non-strategic Asset Sales Of Around $13M
Portfolio Pulse from Benzinga Newsdesk
Gannett plans to repay approximately $13 million of its five-year senior secured term loan facility through the sale of real estate and non-strategic assets, totaling around $13 million.
September 05, 2024 | 12:03 pm
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Gannett is set to repay $13 million of its term loan using proceeds from real estate and non-strategic asset sales. This move could improve its financial stability by reducing debt.
The repayment of $13 million in debt through asset sales indicates a strategic move to improve Gannett's financial position. This could positively impact investor sentiment and the stock price in the short term.
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