April 30 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. 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 email@example.com
To contact the editor responsible for this story: Dan Kraut at firstname.lastname@example.org