Lee Enterprises Closes Strategic Investment, Welcomes David Hoffmann to Board
Lee Enterprises, Incorporated (LEE)
Last lee enterprises, incorporated earnings: 5/4 06:30 am
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US:NYSE Investor Relations:
lee.net/financial
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Source: GlobeNewswire
DAVENPORT, Iowa, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Lee Enterprises, Incorporated (the “Company” and Nasdaq: LEE) today announced that it has closed its previously announced $50 million strategic equity private placement. The investment was led by David Hoffmann (“Hoffmann”), with participation from other existing investors in the Company, providing the Company with committed capital and a strengthened financial and governance foundation as it moves into its next phase. The Company received $50 million of gross proceeds at the closing of the transaction, before transaction expenses. Concurrently with the closing of the $50 million investment, an amendment to the Company’s existing credit facility became operative, reducing the annual interest rate on approximately $455.5 million of the Company’s outstanding long-term debt to 5% from 9% for a five-year period, materially improving the Company’s capital structure and cash flow outlook. As part of the closing of the transaction, David
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LEE
News
- Lee Enterprises plans quarterly call and webcast February 10, 2026GlobeNewswire
- Lee Enterprises stabilizes finances with $50M investment led by billionaire David Hoffmann [Yahoo! Finance Canada]Yahoo! Finance Canada
- Lee Enterprises stabilizes finances with $50M investment led by billionaire David Hoffmann [Yahoo! Finance]Yahoo! Finance
- Florida Billionaire David Hoffmann Buys $50 Million Controlling Stake in Local Newspaper Giant Lee Enterprises [Yahoo! Finance]Yahoo! Finance
- Lee Enterprises Announces Strategic Investment and Board-Led TransitionGlobeNewswire
LEE
Earnings
- 8/7/25 - Miss
LEE
Sec Filings
- 2/6/26 - Form 4/A
- 2/5/26 - Form 4
- 2/5/26 - Form 8-A12B/A
- LEE's page on the SEC website