respectively) bear interest at .5% below the London Interbank Offered Rate (LIBOR), subject to a cap of 6.5% and 6.75%, respectively. The Dimbleby notes ($18.3 million) bear interest at the LIBOR rate minus 1%. Interest is payable semi-annually on all notes. The Newsquest and Newscom notes are due on Dec. 31, 2006, and Dec. 31, 2007, respectively, but may be redeemed by the company on each interest payment date. The Newsquest and Newscom noteholders are entitled to require the company to repay all or part of the notes on any interest payment date by  giving 30 days’ written notice. The Dimbleby notes may be redeemed by the company, in whole or in part, at any time after June 30, 2003. The Dimbleby noteholders are entitled to require the company to repay all or part of the principal amount of the notes by giving the company 30 days’ written notice any time after six months of issue of the notes. Should a noteholder exercise that right, it is the company’s intention to exchange the notes for cash. The remaining other indebtedness at Dec. 30, 2001, consists  primarily of industrial revenue bonds with maturities in 2008 and 2009 at variable interest rates (1.9% at Dec. 30, 2001). 28 agreements as of the balance sheet date to refinance existing  unsecured promissory notes on a long-term basis and assuming the company’s other indebtedness was paid on its scheduled pay dates, are as follows:  At Dec. 30, 2001, the company had $6.06 billion of credit  available under two revolving credit agreements. The agreements provide for revolving credit periods which permit borrowings from time to time to the maximum commitments. The 1998 $3.0  billion agreement revolving credit period extends to July 1, 2003. The 2000 $3.06 billion agreement consists of a $1.53 billion 364- day facility which extends to July 2002 and a $1.53 billion 5-year facility which extends to July 2005. At the end of the 364-day period, any borrowings outstanding under the 364-day credit facility are convertible into a 2-year term loan at Gannett’s option. In mid-March 2002, the company issued three series of unse- cured global notes; $600 million at 4.95% due 2005, $700 million at 5.50% due 2007, and $500 million at 6.375% due 2012. The net proceeds from these notes were used to repay outstanding com- mercial paper obligations. Also in mid-March 2002, the company entered into a $2.75 billion revolving credit agreement providing  for up to $1.385 billion in 364-day revolving credit loans and up to $1.365 billion in 5-year revolving credit loans. The company termi- nated its $3.0 billion revolving credit agreement, and its $1.53  billion revolving credit agreement which was to expire in July 2002. The company has a capital expenditure program (not including business acquisitions) of approximately $300 million planned for 2002, including approximately $35 million for land and buildings or renovation of existing facilities, $243 million for machinery  and equipment, and $22 million for vehicles and other assets. Management reviews the capital expenditure program periodically and modifies it as required to meet current business needs. It is expected that the 2002 capital program will be funded from oper- ating cash flow. The commitment fee rate for the 1998 revolving credit agree- ment may range from .07% to .175%, depending on Standard & Poor’s or Moody’s credit rating of the company’s senior unsecured long-term debt. The rate in effect on Dec. 30, 2001, was .09%. At the option of the company, the interest rate on borrowings under this agreement may be at the prime rate, at rates ranging from .13% to .35% above the LIBOR or at rates ranging from .255% to .50% above a certificate of deposit-based rate. The prime rate was 4.75% at the end of 2001 and 9.5% at the end of 2000. The  percentages that apply depend on Standard & Poor’s or Moody’s credit rating of the company’s senior unsecured long-term debt. The commitment fee rates for the 2000 revolving credit agree- ment may range from .05% to .09%, depending on Standard & Poor’s or Moody’s credit rating of the company’s senior unsecured long-term debt. The rates in effect on Dec. 30, 2001, were .05% for the 364-day facility and .07% for the 5-year facility. At the option of the company, the interest rate on borrowings under this agreement may be at .13% to .24% above the prime rate, the Eurodollar base rate or the Federal Funds Effective Rate plus .50%. The percentages that apply depend on Standard & Poor’s or Moody’s credit rating of the company’s senior unsecured long- term debt. The revolving credit agreements contain a restrictive provision  that requires the maintenance of net worth of at least $2.5  billion. At Dec. 30, 2001, and Dec. 31, 2000, net worth was $5.7 billion and $5.1 billion, respectively. Approximate annual maturities of long-term debt, assuming that the company had used the $6.06 billion revolving credit The company’s common stock outstanding at Dec. 30, 2001, totaled 265,797,212 shares, compared with 264,271,861 shares at Dec. 31, 2000.  An employee 401(k) Savings Plan was established in 1990, which includes a company matching contribution in the form of Gannett stock. To fund the company’s matching contribution, an Employee Stock Ownership Plan (ESOP) was formed which acquired 2,500,000 shares of Gannett stock from the company for $50 million. The stock purchase was financed with a loan from the company. In 2000, the company announced authorizations to repurchase up to $1 billion of its common stock and during 2000, the company repurchased approximately 14.7 million shares of common stock at a cost of $967 million. In 1999, the company purchased approxi- mately 2.4 million shares of its common stock at a cost of $163 million. The company currently has no plans to repurchase addi- tional shares. Certain of the shares previously acquired by the com- pany have been reissued in settlement of employee stock awards. The company has a 13.5% general partnership interest in Ponderay Newsprint Company. The company, on a several basis, is a guarantor of 13.5% of the principal and interest on a term loan that totals $125 million held by Ponderay.  In thousands of dollars  2002  — 2003 $ 3,018,416 2004 402,813 2005 1,530,000 2006 21,838 Later years 106,958 Total $ 5,080,025 Capital stock