Berkshire Refinances $94 Million of Lee Debt, Extending Maturity

Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) agreed to refinance $94 million of newspaper publisher Lee Enterprises Inc.’s long-term debt.

The deal cuts the interest rate to 9 percent and extends the maturity to April 2017, Davenport, Iowa-based Lee said today in a statement. The debt was to expire in December 2015 with rates climbing as high as 12.8 percent.

To contact the reporter on this story: Noah Buhayar in New York at

To contact the editor responsible for this story: Dan Kraut at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.