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Lee Enterprises refinances existing debt, terminates revolver
By Marisa Wong
Los Angeles, March 16 – Lee Enterprises said it refinanced its existing debt using proceeds from a financing transaction with Berkshire Hathaway.
The $576 million of new long-term debt has also allowed Lee to terminate its revolving credit facility.
Berkshire Hathaway is now Lee’s sole lender, according to a press release.
Lee is a Davenport, Iowa-based newspaper publisher.
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