Pantagraph Parent Reaches Refinancing Deal with Lenders
The Pantagraph Bloomington, IL › February 20, 2009
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Summary
DAVENPORT, Iowa - Lee Enterprises announced Thursday that it has reached agreements with lenders to refinance $306 million in debt and restructure payments of $1.1 billion in additional debt with new terms.
"These financing arrangements provide increased operating flexibility during some of the worst economic conditions in our lifetimes," said Mary Junck, Lee's chairman and chief executive officer. "Although significant economic challenges continue, we have stayed focused on protecting our long-term growth."See the full content of this document
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Pantagraph Parent Reaches Refinancing Deal with Lenders
Lee, the parent company of The Pantagraph, a...
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