Gannett completes $500M offering of senior notes

MCLEAN, Va. — Gannett Co. said it has completed a $500 million offering of senior notes and expects to use the proceeds to repay outstanding debt.

The McLean, Va., media company completed the private placement offering of $250 million aggregate principal amount of its 8.750 percent senior notes due 2014 and $250 million aggregate principal amount of its 9.375 percent senior notes due 2017.