07:51 AM EST, 03/07/2025 (MT Newswires) -- 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 ( GCI ) 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.