DRAFT GCI Shareholder Vote Outcome Release (01145401).DOCX
Gannett Media Corp., a Subsidiary of Gannett Co., Inc., Announces Final Results of Tender Offer for its 4.750% Convertible Senior Notes due 2024 MCLEAN, VA January 2, 2020 – Gannett Media Corp. (formerly known as Gannett Co., Inc.) (the “Issuer”), a subsidiary of Gannett Co., Inc. (“Gannett”, the “Company”, or the “Parent”) (NYSE: GCI) announced today the expiration and final results of the Issuer’s previously announced cash tender offer (the “Tender Offer”) for any and all of its 4.750% Convertible Senior Notes due 2024 (the “Notes”) issued pursuant to the Indenture, dated as of April 9, 2018, between the Issuer and U.S. Bank National Association, as trustee (the “Trustee”), as amended and supplemented by the First Supplemental Indenture, dated as of November 19, 2019 (such Indenture, as so amended and supplemented, the “Indenture”), among the Issuer, Parent and the Trustee. The Tender Offer expired at midnight, New York City time, on December 30, 2019. As of the expiration of the Tender Offer, $197,950,000 aggregate principal amount of the Notes, representing approximately 98.36% of the total Notes outstanding, were validly tendered (and not validly withdrawn) pursuant to the Tender Offer. The Company has accepted for purchase all Notes that were validly tendered (and not validly withdrawn) pursuant to the Tender Offer at the expiration of the Tender Offer at a purchase price equal to $1,000 per $1,000 principal amount of Notes, plus accrued and unpaid interest, for an aggregate cost of approximately $199,934,999. Payment for Notes, which were validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Tender Offer, was made on December 31, 2019.
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