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EX-2.1 - EX-2.1 - Gannett Co., Inc.d879051dex21.htm
EX-10.1 - EX-10.1 - Gannett Co., Inc.d879051dex101.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 23, 2015 (February 19, 2015)

 

 

New Media Investment Group Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001- 36097   38-3910250

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1345 Avenue of the Americas

New York, NY

  10105
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (212) 479-3160

Not applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 1.01. Entry into a Material Definitive Agreement.

On February 19, 2015, DB Acquisition, Inc. (the “Purchaser”), a wholly owned subsidiary of New Media Investment Group Inc. (the “Company”), entered into a definitive asset purchase agreement (the “Purchase Agreement”) with Stephens Media, LLC, Stephens Media Iowa, LLC and Stephens Media Intellectual Property, LLC (collectively, the “Sellers”), each a wholly owned subsidiary of SF Holding Corp. (“Stephens”), to purchase certain print and digital assets and to assume certain related liabilities (collectively, the “Business”) for $102.5 million in cash, subject to adjustments. The Company intends to finance the acquisition with cash on the balance sheet and available capacity under its credit facility. Other than the Purchase Agreement and any surviving obligations under that certain asset purchase agreement dated as of November 20, 2014 by and among Halifax Media Group LLC and its subsidiaries (an entity that shares common ownership with Stephens) and Cummings Acquisition, Inc., a wholly owned subsidiary of the Company, filed as Exhibit 2.1 to the Company’s current report on Form 8-K filed with the Securities and Exchange Commission on November 28, 2014 (which current report is incorporated by reference herein), there are no material relationships between the Company and Stephens or any of their respective affiliates.

The consummation of the transactions contemplated by the Purchase Agreement is subject to certain customary closing conditions, including the absence of a material adverse effect on the Business and the receipt of certain required consents. The closing is not subject to any financing condition or to a vote of the Company or Stephens’ stockholders. The transaction is expected to close during the first quarter of 2015.

The Purchase Agreement contains customary representations, warranties and covenants by the Sellers and the Purchaser, including covenants regarding the operation of the Business prior to the closing. In connection with Purchase Agreement, the Company and Holdings I (defined below) are providing guaranties of the Purchaser’s pre-closing and post-closing obligations, respectively, under the Purchase Agreement pursuant to a guaranty agreement (the “Guaranty”) dated as of February 19, 2015 by the Company and New Media Holdings I LLC (“Holdings I”), a wholly owned subsidiary of the Company, for the benefit of the Sellers.

The foregoing description of the Purchase Agreement and the Guaranty is not intended to be complete and is qualified in its entirety by reference to (i) the full text of the Purchase Agreement, which is attached hereto as Exhibit 2.1 and incorporated herein by reference, and (ii) the full text of the Guaranty, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.


Item 9.01. Financial Statements and Exhibits.

 

Exhibit
No.

  

Description of Exhibit

  2.1    Asset Purchase Agreement dated as of February 19, 2015, by and among DB Acquisition, Inc. and the sellers party thereto.
10.1    Parent Guaranty, dated as of February 19, 2015, among New Media Investment Group Inc., New Media Holdings I LLC and the sellers party thereto.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

NEW MEDIA INVESTMENT GROUP INC.
By:

/s/ Michael E. Reed

Name: Michael E. Reed
Title: Chief Executive Officer

Date: February 23, 2015