8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 3, 2013
GANNETT CO., INC.
(Exact name of Registrant as Specified in its Charter)
|
|
|
|
|
| Delaware |
|
1-6961 |
|
16-0442930 |
| (State or other jurisdiction of
incorporation or organization) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
|
|
|
| 7950 Jones Branch Drive
McLean, Virginia (Address
of Principal Executive Offices) |
|
22107-0910
(Zip Code) |
(703) 854-6000
Registrant’s telephone number, including area code
Not Applicable
(Former
name or former address, if changed since last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2-(b)) |
| ¨ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 2.03. |
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information in Item 8.01 is incorporated by reference into this Item 2.03.
On October 3, 2013, Gannett Co., Inc. (“Gannett”) sold
$600,000,000 aggregate principal amount of its 5.125% Senior Notes due 2019 (the “2019 Notes”) and $650,000,000 aggregate principal amount of its 6.375% Senior Notes due 2023 (the “2023 Notes” and, together with the 2019 Notes,
the “Notes”). The Notes were offered only to eligible purchasers through a private placement and have not been registered under the Securities Act of 1933, as amended, or any state securities laws. Gannett will pay interest on the Notes
semi-annually, in arrears, on April 15 and October 15 of each year, commencing April 15, 2014, to holders of record on the immediately preceding April 1 and October 1. The Notes will rank equally with Gannett’s
outstanding public bonds and credit agreement. The Notes are guaranteed by all of Gannett’s subsidiaries that guarantee its obligations under its credit agreements on a senior basis.
The Notes may become subject to redemption under certain circumstances, including a change of control (as defined in the Notes) of Gannett. In
addition, after October 15, 2016 and October 15, 2018, Gannett may, at its option, redeem the 2019 Notes and the 2023 Notes, respectively, at the redemption prices and subject to terms set forth in the Notes, as applicable, together with
accrued and unpaid interest thereon, if any, to the redemption date.
The Notes also provide for certain customary events of default,
including, among others, nonpayment of principal or interest, bankruptcy and insolvency events, and cross acceleration, which would permit, or automatically cause, as applicable, the principal, premium, if any, interest and other monetary
obligations on all the then outstanding Notes to be declared due and payable immediately.
Gannett will deposit the net proceeds from the
offering of the Notes into an escrow account until the satisfaction of certain conditions, including the consummation of the acquisition of Belo Corp. If Gannett determines in its sole discretion that the acquisition will not be completed without
any amendment, modification or waiver that is materially adverse to the holders of the Notes or if the acquisition has not been consummated on or prior to June 27, 2014 (subject to extension to July 31, 2014 in certain circumstances), the
Notes will be subject to a special mandatory redemption. Escrowed funds would be released and applied to pay for any such redemption.
On
October 3, 2013, the company issued a press release announcing the completion of the offering and issuance of the Notes. A copy of the press release is attached hereto as Exhibit 99.1.
| Item 9.01. |
Financial Statements and Exhibits. |
See Index to Exhibits attached hereto.
The company agrees to furnish to the Commission, upon request, a copy of each agreement with respect to long-term debt not filed herewith in
reliance upon the exemption from filing applicable to any series of debt which does not exceed 10% of the total consolidated assets of the company.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunder duly authorized.
|
|
|
|
|
GANNETT CO., INC. |
|
|
| By: |
|
/s/ Todd A. Mayman |
|
|
Todd A. Mayman |
|
|
Senior Vice President, General Counsel and
Secretary |
Date: October 3, 2013
Index to Exhibits
|
|
|
Exhibit
No. |
|
Description |
|
|
| 99.1 |
|
Gannett Co., Inc. press release announcing the completion of a private offering of debt securities. |
