Gannett Co., Inc. announced that the Company used proceeds of $44.4 million from real estate sales completed in the third quarter to reduce its first lien debt by $46.9 million. Approximately $16.0 million of the proceeds were used to repurchase approximately $18.5 million of 6.00% first lien notes due November 1, 2026 (the 2026 Senior Notes), representing a discount to par. The remaining $28.4 million of proceeds were used to repay amounts under its five-year senior secured term loan facility (the New Senior Secured Term Loan).