Lee Enterprises, Incorporated (NYSE: LEE), a leading print and digital provider of local news, information and advertising in 53 markets, announced today that it has reached agreement with a significant majority of debt holders for the new terms of revolving credit and term loan facilities. More details can be read at this link.
To make the long story short: Lee’s $689.5 million first-lien term loan will mature in December 2015, instead of 2012 and the debt will pay 6.25 percentage points more than the London interbank offered rate and the lending benchmark will have a 1.25 percent floor. A second-lien credit ($175 million), which will mature in April 2017 rather than 2015, will pay 15 percentage points more than Libor.
Anyways, if you’re private or institutional investor in London’s real-estate, consider to take a glance at properties in the 20057 area of East London. In lights of upcoming 2012 Olympic Games the home prices in area near the newly built Olympic venues are rising around 190 pounds/week. Contact this london mortgage broker to get a quote close to interbank’s rate (much better that Lee Enterprises has) or even think about investing in LSE’s real-estate stocks such as British Land (BLND) or Land Securities (LAND).
Back to Lee Enterprises: debt is being refinanced, no bankruptcy. We should see LEE’s share price appreciation in upcoming trading sessions:
“The refinancing will remove a cloud that has obscured Lee’s formidable strengths in our markets” – stated Mary Junck, Lee’s Chairman and CEO.
201 N. Harrison St.
Davenport, IA 52801-1939
Lee Enterprises is a leading provider of local news, information and advertising in primarily midsize markets, with 49 daily newspapers and a joint interest in four others, rapidly growing digital products and nearly 300 specialty publications in 23 states.
Lee’s other publications and operations:
GREATER ST. LOUIS
Suburban Journals of Greater St. Louis is a group of subscriber and free-distribution weekly newspapers and other publications serving the St. Louis metropolitan area. Midweek and Sunday distribution total nearly 300,000 copies. Online: stltoday.com/suburban-journals and stlhighschoolsports.com. The group includes:
South County – South County Journal, Wed
West County – West County Journal, Wed
Madison County – Collinsville Herald and Granite City Press-Record, Wed
St. Charles – St. Charles Journal, Wed
Wentzville – Wentzville Journal, Wed
Other publications – Ladue News, Fri; Homes in Madison County, every other Thurs.; Feast magazine, monthly; St. Louis’ Best Bridal magazine, semi-annually; St. Louis’ Best Bridal guide, semi-annually.
Flagstaff – Flagstaff Live!, 7,850 Thur.; Midweek, 18,875 Wed.; Mountain Living Magazine, 7,000 monthly; Direct Impression.
Tucson – Buyer’s Edge, 290,000 Wed; Cactus Clipper, 140,000 weekly; Eastside Star, 36,000 Thurs.; La Estrella de Tucson, 32,000 Wed.; Northwest Star, 23,000 Thurs.; CareerBuilder Weekly, 12,500 Thur.; Foothills Star, 15,000 Thurs.; Oro Valley – Marana Magazine, 38,500 monthly; Tucson Bridal Magazine, quarterly.
Hanford region – The Kingsburg Recorder, 3,300 Wed.; The Selma Enterprise, 4,700 Wed.; Central Valley Guides, 40,650.
Napa region – American Canyon Eagle, Napa, 6,200 Thurs.; St. Helena Star, 4,500 Thur.; Weekly Calistogan, Calistoga, 1,500 Thur.; Valley Bargain Finder, 12,600 Wed.; From the Vine, 6,500 Thurs.; Super Savings, 7,000 Thurs.; Distinctive Properties, 12,000 monthly; Inside Napa Valley, 18,000 monthly.
Oceanside/Escondido – NCT Weekly, 84,200; Sunday’s Best, 15,000 weekly; Oceanside Magazine, 85,500 quarterly.
Santa Maria/Lompoc region – Adobe Press, Arroyo Grande, 8,575 Fri.; Five Cities Times Press Recorder, Arroyo Grande, 2,600 Wed., 10,700 Fri.; Santa Ynez Edition,Solvang, 4,600 Tues.; Santa Ynez Extra Edition, Solvang, 13,300 Tues.; Central Coast Preview, 14,000 Sun.
Lihue – The Island Shopper, 14,400 Wed.; KBR Business, 26,500 Fri.; Essential Kauai, 26,000 quarterly.
Twin Falls – Magic Values Shopper & Auto Trader, 16,000 weekly; Ag Weekly, 15,000 Sat.
Bloomington region – The Gibson City Courier, 1,200 Wed.; Woodford Star, Eureka, 16,300 Mon.; Community News, Bloomington, 8,600 Wed.; Woodford County Journal, Eureka, 2,540 Thur.; Central Illinois Advertiser, Gibson City, 14,040 Sat.; HomeFinder Magazines, 12,000 monthly; B2B, 3,240 quarterly.
Carbondale – Southern Values, 33,150 Wed.; Flipside, 30,000 Thu.; Southern Business Journal, 5,450 monthly.
Decatur – Prairie Shopper, 22,400 Wed.; Homes, 26,000 monthly; Business Journal, 7,500 monthly; Limited Edition, 9,000 bi-monthly.
Northwest Indiana – VIVA, 27,000 weekly; Now Hiring, 15,000 weekly; Your Home, 80,000 monthly; Shore magazine, 35,000 bi-monthly; In Business, 12,000 quarterly; Get Healthy, 56,000 bi-monthly; NWI Parent, 5,000 bi-monthly.
Cedar Rapids – Iowa Farmer Today, 67,200 Sat.
Davenport – Thrifty Nickel, 28,300 Thur.; Bettendorf News, 10,100 Thur.; Quad-City Advertiser, 23,000 Wed.; Rock Island News, 5,000 weekly; Wheels For You, 39,700 biweekly; Truck and Tractor, 35,700 biweekly; Quad-City Business Journal, 10,000 monthly; Senior Voice, 14,000 quarterly.
Muscatine – Classic Images, 5,000 monthly; Films of the Golden Age, 5,100 quarterly; The Post, 18,500 Tues.
Mason City region – Mason City Shopper, 29,150 Tues.; Globe Advertiser, 1,780 Tues.; Wheels For You, 5,000 biweekly; In Business, 23,300 monthly; Real Estate Extra, 10,000 monthly; Britt News-Tribune, 1,225 Wed.; Forest City Summit, 1,970 Wed.; Winnebago/Hancock Shopper, Forest City, 10,950 Tues.; Mitchell County Press-News, Osage, 2,750 Wed.; Town & Country Shopper, Osage, 3,850 Wed.; Wow, 23,300 quarterly.
Sioux City — Siouxland Weekly Shopper’s Guide, 44,000 weekly; Siouxland Homes, 50,000 weekly; Weekender, 10,000 weekly; Work For You, 5,000 weekly; Wheels For You, 20,000 biweekly; Active Seniors, 10,000 monthly; Siouxland Business Journal, 12,000 monthly; Siouxland Outdoors, 10,000 bi-monthly.
Waterloo/Cedar Falls – The Insider/Local Values Savings Guide, 72,000 Wed.; Wheels For You, 16,000 biweekly; Pulse, 8,000 biweekly; Cedar Valley Home & Garden, 27,000 quarterly; Cedar Valley Business Quarterly, 6,200; Weddings, 4,500 quarterly .
Maysville – The Advertiser, 23,100 Mon.
La Crescent – Houston County News, 2,450 weekly; Foxxy Shopper Companion, 2,700 weekly.
Winona – Foxxy Shopper, 12,350 Sat.;
Minnesota Farmer Today, 28,250 biweekly.
Park Hills region – Farmington Press, 3,150 weekly; Democrat News, Fredericktown, 3,600 weekly; Daily Journal Advantage, 14,115 Tues.; Daily Journal Weekly Real Estate, 2,570.
Missouri Farmer Today, 30,000 biweekly.
Billings – SellitMT.com; Thrifty Nickel, 25,000 Thur.; Lifewise, 38,000 monthly; Billings Business, 6,000 monthly; Montana Land, 57,000 bi-monthly; Magic City Magazine, 9,000 bi-monthly; hopontodaysdeal.com.
Bozeman and Helena – Mini Nickel, 25,000 Thur.
Helena and statewide – Montana Magazine, 31,000 bi-monthly.
Missoula – The Autofinder, 22,000 biweekly; Entertainer, 35,000 Thur.; The Clip ‘N Save,, 10,000 Wed.; Lambros Book, 10,000 Wed.; Western Montana In Business, 7,000 monthly; Living Well, 34,500 bi-monthly; Missoula.com Magazine, 10,000 quarterly; BEAR Necessities, Beer and Wine Guide, Best Book, GRIZ & Game Day.
Great Falls – The Prairie Star, 19,900 biweekly.
Beatrice – Penny Press, 16,325 Wed.; Daily Sun Extra, 2,500 Wed.
Columbus – Columbus Area Choice, 23,000 Tues.
David City – David City Banner Press, 3,500 Thur.
Fremont – Fremont Area Shopper, 28,400, Tues.
Lincoln – Neighborhood Extra, 56,000 Sat.; Star Express, 30,000 weekly; Apartments For You, 15,000 weekly; Wheels For You, 70,300 Nebraska and 71,500 Kansas, biweekly; Work For You, 5,800 biweekly; L Magazine, 10,500 monthly; Lincoln Real Estate, 7,950 monthly; Star City Health, 10,000 monthly; Star City Health, 10,000 monthly; Star City Sports, 10,000 monthly; Husker Extra online.
Omaha – ONE Magazine, Omaha, 22,000 monthly; Wheels For You, biweekly.
Plattsmouth – Plattsmouth Journal, 5,300 Thur.; Consumer Connection, 16,000 Tues.
Sand Hills region – Chadron Record, 2,390 Wed.; Your Neighbors, 7,100 Wed.
Schuyler – Schuyler Sun, 2,950 Thur.
Tekamah – Midwest Messenger, 43,800 biweekly agricultural; Midwest Producer, 30,000 biweekly agricultural; Burt County Plaindealer, 2,000 Tues.
Elko – Free Press Finder, 12,500 Fri.; Mining Quarterly, 12,000.
Auburn – The Weekly Citizen, 20,000; Skaneateles Journal, 5,000 Wed.; Finger Lakes Go & Do Guide, monthly.
Glens Falls – ADK Health, 17,000 monthly.
Bismarck – Farm & Ranch Guide, 37,900 biweekly; Your Home, 30,000 Fri.; Hot Properties, 30,000 Fri.; Bullseye, 33,000 monthly; Chamber Connection, 5,500 monthly; Bismarck Coupon Source, 34,000 quarterly; Business Watch, 85,000 quarterly; Western ND Travel Planner, 33,000 quarterly.
Dickinson – PennySaver, 6,700 Thur.
Mandan – Mandan News, 1,700 Thur.; The Finder, 39,000 Wed.
Albany/Corvallis region – Lebanon Express, 2,300 Wed.; This Week, 18,150 Wed.; Mid-Valley In Business, 28,000 monthly; Mid-Valley Real Estate Extra, 6,000 monthly.
Coos Bay region – Bandon Western World, 2,500 weekly; The Umpqua Post, Reedsport, 2,000 weekly; Business Watch, 7,000; Spotlight, 11,000.
Carlisle – The Sentinel Weekly, Carlisle, 14,000 Sat.; The Sentinel Weekly, Perry, 19,500 Sat.; Shippensburg Sentinel, 12,950 Tues./2,550 Sat; The Sentinel Direct, 17,000 Wed.
Orangeburg – Shopper’s Extra, 15,800 Wed.
Black Hills region – The Patriot, 7,000 Fri.; Black Hills Press, Sturgis, 2,000 Sat.; Butte County Post, 2,015 Wed.; Deadwood, Thur.; Meade County Times-Tribune, Sturgis, 1,770 Wed.; Hot Springs Star, 2,090 Tues.; Star Extra, 5,000, Tues.; Deadwood Gaming, 26,000 monthly; Chadron Record, Chadron, NE, 2,085 Wed; Your Neighbors, Chadron, NE, 4,730 Wed.
Rapid City – Rapid City Extra, 5,000 Wed.; Wheels For You, 14,000 bi-monthly.
Spearfish – Northern Hills Advertiser, Spearfish, 5,000 Wed.
Sioux Falls – Tri-State Neighbor, 28,750 biweekly agricultural.
Provo region –The Pyramid, Mt. Pleasant, 1,320 Thur.; Savvy Shopper Deals, 90,200 Mon.; The Pyramid Shopper, Spanish Fork, 8,400 Thur.; The Ticket, Provo, 5,000 Thur.; Home Choice Magazine, Orem, 12,000 monthly.
Longview – Sasquatch, 23,500 Wed.; In Business, 6,000 monthly; Real Estate Magazine, 24,500 semi-monthly.
Chippewa Valley – Big Buck Saver, 34,800 weekly in Chippewa County and 37,000 in Eau Claire County; Marketplace Homes, monthly; Tradin’ Post Buyer’s Guide, Eau Claire, 28,000 Tues.; Dunn County News, Menomonie, 4,100 Wed./Sun.; Big Buck Dunn County Reminder, 23,150 weekly; Dunn County Advertiser, 16,800 weekly; Dunn County Homes, 22,500 monthly; Chippewa Valley Business Report, 6,500 quarterly.
La Crosse (River Valley) region – La Crosse Foxxy Shopper, 20,080 Mon.; Sparta Foxxy Shopper, 16,880 Mon.; Tomah Foxxy Shopper, 13,380 Mon.; Viroqua Foxxy Shopper, 15,650 Mon.; Foxxy Shopper – Winona, 12,350 Sat.; Work For You, 4,500 Tues.; Home Buyers Guide, 10,500 monthly; River Valley Business Report, 7,000 quarterly; Coulee News, West Salem, 1,900 Thur.; Houston County News, La Crescent, MN, 2,450 weekly; Jackson County Chronicle, Black River Falls, 2,100 Wed.; The Chronicle, Melrose, 3,800, Thur.; Onalaska/Holmen Courier-Life News; 4,440 weekly; Tomah Journal and Monitor Herald, 4,400 Mon. and Thur.; Vernon County Broadcaster, 4,820 Thur.; Westby Times, 1,980 Thur.; Home Buyers Guide, 10,500 monthly; Real McCoy, West Salem, 4,200 biweekly; Real Estate Resource, 10,500 monthly; Home & Garden, 43,000 quarterly.
Racine – Pennysaver, 32,200 Wed.; Weekday Advantage, 34,000 Wed.; Weekend Advantage, 36,000 Sat.
Madison Newspapers Inc., publishes the Wisconsin State Journal and The Capital Times. MNI also publishes the Daily Citizen in Beaver Dam, the Baraboo News Republic, the Portage Daily Register and the Shawano Leader, as well as other publications in Wisconsin. Lee Enterprises owns 50% of Madison Newspapers Inc. and supplies news and editorial content for the Wisconsin State Journal. The Capital Times Company oversees news and editorial content of The Capital Times.
Madison – Shopper Stopper Extra Dane, 45,000 Sat.; Shopper Stopper North, 30,000, Wed.; Shopper Stopper South, 21,000, Wed.; Shopper Stopper West, 26,300 Wed.; Shopper Stopper Plus, 92,000 Wed.; Shopper Stopper Extra Homes, 38,000 Sun.; Agri-View, 40,200 Thur.; Marketplace Rentals, 5,000 Fri.; Capital Regional Business, 16,500, monthly; nursingmatters.com.
Beaver Dam – Columbus Journal, 2,150 Sat; Monday Marketeer, 17,050 Mon.; Monday-Mini; 17,450 Mon.; Neighbors, 3,700 Sat.; Shopper’s View, 8,000 Mon.; Shopping Reminder, Columbus, 5,500 Mon.; Tri-County, 28,900 Wed.
Portage-Baraboo region – Shopper Stopper, 19,400 Wed.; Wisconsin Reminder, Mauston, 14,100 Wed.; Juneau County Star-Times, Mauston, 3,100 Wed./Sat.; Reedsburg Times-Press, 1,150 Wed./Sat.; Sauk Prairie Eagle, Sauk City, 2,100 Wed.; Wisconsin Dells Events, 2,100 Wed./Sat.
Casper – Casper Journal, 27,550 Wed.; Home Style, 6,500; Discover, 60,000 quarterly; Live Well Wyoming, 32,300 quarterly; Wyoming Energy Journal, 32,300 quarterly.
Online services – Townnews.com, Moline, IL.
Commercial printing – Hawkeye Printing and Trico Communications, Davenport, IA; Journal Star Commercial Printing, Lincoln, NE; Plaindealer Publishing, Tekamah, NE; Platen Press, Butte, MT; William Street Press, Decatur, IL.; Wingra Printing, Madison, WI.