Lamar Advertising Company Completes Refinancing, Strengthening Balance Sheet
Lamar Advertising Company (Nasdaq: LAMR), a leading outdoor advertising company, has successfully completed $1.1 billion in refinancing transactions through its subsidiary, Lamar Media Corp. The refinancing includes a $400 million private placement of 5.375% Senior Notes due 2033 and a new $700 million Term Loan B facility with pricing at 150 basis points over SOFR.
The leverage-neutral transactions will boost Lamar's liquidity to over $800 million, while reducing floating interest rate exposure and extending debt maturity. The proceeds will be used to repay existing debt, including the revolving credit facility, Accounts Receivable Securitization Program, and refinancing of the existing $600 million Term Loan B.
Lamar Advertising Company (Nasdaq: LAMR), una delle principali aziende di pubblicità outdoor, ha completato con successo transazioni di rifinanziamento per 1,1 miliardi di dollari tramite la sua controllata Lamar Media Corp. Il rifinanziamento include una private placement da 400 milioni di dollari di Senior Notes al 5,375% con scadenza al 2033 e una nuova facility Term Loan B da 700 milioni di dollari con prezzo pari a 150 punti base sopra SOFR.
Le transazioni neutre rispetto all’indebitamento operativo aumenteranno la liquidità di Lamar a oltre 800 milioni di dollari, riducendo l’esposizione al tasso di interesse variabile e allungando la scadenza del debito. I proventi saranno utilizzati per rimborsare debiti esistenti, inclusa la revolving credit facility, l’Accounts Receivable Securitization Program e il rifinanziamento dell’attuale Term Loan B da 600 milioni di dollari.
La Lamar Advertising Company (Nasdaq: LAMR), una empresa líder de publicidad exterior, ha completado con éxito transacciones de refinanciación por 1.1 mil millones de dólares a través de su subsidiaria Lamar Media Corp. El refinanciamiento incluye una colocación privada de 400 millones de dólares de Senior Notes al 5,375% con vencimiento en 2033 y una nueva facility Term Loan B de 700 millones de dólares con un tipo de interés de 150 puntos básicos por encima de SOFR.
Las transacciones neutrales respecto al apalancamiento fortalecerán la liquidez de Lamar a más de 800 millones de dólares, al tiempo que reducen la exposición a tasas de interés variables y prolongan la madurez de la deuda. Los fondos se utilizarán para pagar deudas existentes, incluida la revolving credit facility, el Accounts Receivable Securitization Program y el refinanciamiento del actual Term Loan B de 600 millones.
Lamar Advertising Company (나스닥: LAMR)은 자회사 Lamar Media Corp.를 통해 11억 달러 규모의 재무구조 재조정 거래를 성공적으로 완료했습니다. 재무구조 재조정은 2033년 만기 5.375%의 Senior Notes를 4억 달러 규모로 비공개 배치와 700백만 달러 규모의 Term Loan B 시설를 포함하며, 가격은 SOFR 대비 150bp로 책정되었습니다.
레버리지 중립 거래로 Lamar의 유동성이 8억 달러 이상으로 증가하고, 변동금리 노출은 감소하며 채무 만기도 연장됩니다. 조달 자금은 기존 부채 상환에 사용되며, 회전신용 한도, Accounts Receivable Securitization Program, 그리고 현재 6억 달러의 Term Loan B 재융자도 포함됩니다.
Lamar Advertising Company (Nasdaq : LAMR), une entreprise leader de la publicité extérieure, a réussi à finaliser des opérations de refinancement d’un montant de 1,1 milliard de dollars par l’intermédiaire de sa filiale Lamar Media Corp. Le refinancement comprend une levée privée de 400 millions de dollars d’obligations senior à 5,375% arrivant à échéance en 2033 et une nouvelle facilité Term Loan B de 700 millions de dollars avec un taux de coût de 150 points de base au-dessus du SOFR.
Ces opérations neutres en termes de levier renforceront la liquidité de Lamar à plus de 800 millions de dollars, tout en réduisant l’exposition au taux d’intérêt variable et en prolongeant l’échéance de la dette. Les fonds seront utilisés pour rembourser les dettes existantes, y compris la revolving credit facility, le Accounts Receivable Securitization Program et le refinancement du Term Loan B actuel de 600 millions.
Lamar Advertising Company (Nasen: LAMR), ein führendes Außenwerbeunternehmen, hat erfolgreich Refinanzierungstransaktionen in Höhe von 1,1 Milliarden USD abgeschlossen über seine Tochter Lamar Media Corp. Die Refinanzierung umfasst eine private Platzierung von 400 Millionen USD Senior Notes mit 5,375% Zins und Fälligkeit 2033 und eine neue Term Loan B-Fazilität in Höhe von 700 Millionen USD mit einem Preis von 150 Basispunkten über SOFR.
Die leverage-neutrale Transaktion wird Lamar zusätzliche Liquidität von über 800 Millionen USD verschaffen, während die variabel verzinsliche Belastung reduziert und die Verschuldungslaufzeit verlängert wird. Die Erlöse sollen verwendet werden, um bestehende Verbindlichkeiten zu tilgen, einschließlich der revolvierenden Kreditfazilität, des Accounts Receivable Securitization Program und der Refinanzierung des bestehenden 600 Millionen USD Term Loan B.
لـ Lamar Advertising Company (ناسداك: LAMR)، شركة الإعلانات الخارجية الرائدة، أكملت بنجاح صفقات إعادة تمويل بقيمة 1.1 مليار دولار من خلال فرعها Lamar Media Corp. يشمل التمويل إعادة تمويل طرح خاص بقيمة 400 مليون دولار لسندات senior Notes بنسبة 5.375% حتى 2033 ونظام تمويل جديد Term Loan B بقيمة 700 مليون دولار بتسعير حوالي 150 نقطة أساس فوق SOFR.
ستعزز المعاملات المحايدة للرفع المالي سيولة Lamar إلى أكثر من 800 مليون دولار، مع تقليل التعرض للفائدة المتغيرة وتمديد أجل الدين. ستُستخدم العائدات لسداد الديون القائمة، بما في ذلك تسهيل التمويل بالد revolving، وبرنامج تخصيص الحسابات المستلمة Accounts Receivable Securitization Program، وإعادة تمويل قرض Term Loan B الحالي بقيمة 600 مليون دولار.
Lamar Advertising Company（纳斯达克股票代码：LAMR），一家领先的户外广告公司，已通过其子公司 Lamar Media Corp. 成功完成 11亿美元的再融资交易。此次再融资包括一笔 4亿美元的私人配售，发行5.375% 的 senior notes，到期日为2033年以及一项新的 7亿美元的 Term Loan B 贷款，定价为高于 SOFR 150 个基点。
这两笔与杠杆相关的交易将使 Lamar 的流动性提升至 超过8亿美元，同时降低浮动利率敞口并延长债务期限。资金将用于偿还现有债务，包括循环信贷便利、应收账款证券化计划，以及对现有 6 亿美元 Term Loan B 的再融资。
- Increased liquidity to over $800 million
- Reduced exposure to floating interest rates
- Extended debt maturity profile
- Maintained leverage neutral position
- Secured favorable 150 basis points over SOFR pricing on Term Loan B
- Takes on $1.1 billion in new debt obligations
- Continues to carry substantial debt load
Insights
Lamar's $1.1B refinancing strengthens balance sheet, increases liquidity to $800M, and reduces floating rate exposure without adding leverage.
Lamar's completion of
This restructuring accomplishes several key financial objectives. First, it substantially boosts liquidity to over
What's particularly noteworthy is that these transactions are leverage neutral, meaning Lamar hasn't increased its debt burden relative to earnings. Instead, the company has effectively restructured existing obligations while gaining better terms and improving its financial position. The ability to secure this refinancing with favorable terms suggests strong creditor confidence in Lamar's business model and the outdoor advertising industry's prospects.
The
BATON ROUGE, La., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that it has completed
“These transactions are a testament to the confidence that the capital markets have in our company and in the outlook for outdoor advertising,” said Lamar executive vice president and chief financial officer Jay Johnson. “Taken together, these transactions provide valuable flexibility that positions us well for continued investment and growth.”
The refinancing transactions include the sale, through an institutional private placement, of
Lamar intends to use the proceeds from the Notes, after the payment of fees and expenses, to repay indebtedness outstanding under the revolving portion of its senior credit facility and its Accounts Receivable Securitization Program.
In addition, Lamar secured a new 7-year,
Collectively, the transactions, which are leverage neutral, will increase Lamar’s liquidity to more than
About Lamar Advertising Company
Founded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with over 366,000 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands reach broad audiences every day. In addition to its more traditional out-of-home inventory, Lamar is proud to offer its customers the largest network of digital billboards in the United States with over 5,200 displays.
Company Contact:
Buster Kantrow
Director of Investor Relations
Lamar Advertising Company
(225) 926-1000
bkantrow@lamar.com
FAQ
What is the size of Lamar Advertising's (LAMR) recent refinancing transaction?
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