debt refinancing

Lee Enterprise stock jumps after company gets OK to exit bankruptcy

January 26, 2012 by editor

Lee Enterprise stock nearly doubled in price to $1.71 a share earlier this week after news the company had received approval to exit bankruptcy and complete its planned debt refinancing.

The Davenport-based publisher of 48 newspapers, including the Quad City Times, filed for voluntary bankruptcy December 12, 2011 in order to get a small group of lenders bound to terms of the refinancing.

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