On November 17, 2020 , Gannett Co., Inc. (the “Company”) joined into a change contract (the “Exchange Agreement”) with specific associated with the loan providers (the “Exchanging Lenders”) beneath the business’s senior secured 11.5% term loan Credit Agreement dated November 19, 2019 (the “Credit Agreement”) pursuant to which the business as well as the Exchanging Lenders consented to trade roughly $500 million in aggregate amount that is principal of business’s newly released 6% Senior Secured Convertible Notes due 2027 (the “Notes”) for the your your retirement of an equal number of term loans underneath the Credit contract (the “Exchange”). After the Exchange, the term that is remaining may have a highly skilled principal stability of $1.118 billion (the “Remaining Term Loan”). The Notes were granted pursuant to an Indenture (the “Indenture”) dated at the time of 17, 2020 , between the Company and U.S. Bank National Association , as trustee november.
Relating to the Exchange, the business joined into an Investor contract (the “Investor Agreement”) with all the holders associated with the records (the “Holders”) developing specific stipulations regarding the liberties and limitations regarding the Holders with regards to the Holders’ ownership associated with Notes. The organization additionally entered into an amendment to your Registration Rights Agreement dated 19, 2019 between the Company and FIG LLC november .