Lee Enterprises gets debt waiver extension
Lee Enterprises Inc., publisher of the St. Louis Post-Dispatch, said Friday it received another waiver extension on loan requirements related to the $306 million in debt it took on when it bought the Post-Dispatch in 2005.
The waiver has been extended until Feb. 13, “while financing discussions continue,” Lee said in a statement guaranteed approval cash loans. The Pulitzer notes are due in April.
Davenport, Iowa-based Lee (NYSE: LEE) borrowed $1.5 billion to buy Pulitzer in 2005.