Case Study

Lee Enterprises

CLIENT: Advance Publications, Inc. ("Advance")

Gordian Group advised a significant party-in-interest in connection with Lee Enterprises’ 2009 restructuring of $1.5 billion in debt and redemption of minority interests in St. Louis Post-Dispatch LLC.


Lee Enterprises (“Lee”) was undergoing a financial restructuring of $1.4 billion in debt. Advance had certain liabilities associated therewith, as well as an interest in the St. Louis Post-Dispatch LLC.


Gordian was engaged by Advance in connection with Lee’s financial restructuring, including with respect to negotiations with parties in interest and financial analysis related to Lee and the St. Louis Post-Dispatch.


Gordian was able to successfully effect a result through which Advance was not only able to avoid all of its potential liability in connection with the Lee financial restructuring, but also preserve significant equity upside in the St. Louis Post-Dispatch.