Gannett (GCI) said Friday it prepaid about $57.5 million on its five-year first lien term loan facility.
In Q1, the company has reduced its first lien debt to $792.5 million from $850 million.
Gannett is well placed to further improve its capital structure this year and expects to repay "well over" $100 million of debt via asset sales and continued free cash flow growth, Chief Executive Michael Reed said.
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