secwatch.observer — SEC 8-K summary
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Issuer:     LEE ENTERPRISES, Inc (LEE)
CIK:        0000058361
Form:       8-K
Filed at:   2026-02-10T23:59:59+00:00
Accession:  0000058361-26-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lee Q1 Adj EBITDA up 61% YoY, closes $50M equity placement, debt rate cut to 5%
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- Q1 total operating revenue $130M; Adjusted EBITDA $12M vs $7M prior year, including $2M cyber insurance reimbursement.
- $50M common stock private placement closed; interest rate on $455M debt reduced to 5% from 9% for 5 years, saving ~$18M annually.
- Digital revenue $70M (54% of total); digital-only subs 609K; digital-only sub revenue $23M (+5% YoY).
- Net loss $5M; cash $13M; debt $455M; FY26 guidance: mid-single-digit Adj EBITDA growth.
- Strategic termination of fully funded pension plan to eliminate balance sheet volatility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58361/000005836126000012/0000058361-26-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58361/000005836126000012/lee-20260210.htm
  HTML page:      https://secwatch.observer/filing/0000058361-26-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer