Lamar Advertising Company Prices Private Offering of Senior Notes
Lamar Advertising Company (Nasdaq: LAMR) announced that its subsidiary, Lamar Media Corp., has priced a $400.0 million private offering of senior notes due 2033 with a 5.375% interest rate. The notes will be guaranteed by most of Lamar Media's domestic subsidiaries on a senior unsecured basis.
The company expects to receive approximately $393.5 million in net proceeds after fees and expenses. The offering is expected to close around September 25, 2025. Lamar Media plans to use the proceeds to repay outstanding debt under its revolving credit facility and Accounts Receivable Securitization Program.
Lamar Advertising Company (Nasdaq: LAMR) ha annunciato che sua controllata, Lamar Media Corp., ha definito un'offerta privata di note senior per 400,0 milioni di dollari con scadenza nel 2033 e un tasso di interesse 5,375%. Le note saranno garantite dalla maggior parte delle controllate statunitensi di Lamar Media su base senior unsecured.
L'azienda prevede di ricevere circa 393,5 milioni di dollari di proventi netti dopo oneri e spese. Si prevede che l'offerta si chiuda intorno al 25 settembre 2025. Lamar Media intende utilizzare i proventi per rimborsare debiti esistenti nell'ambito della sua revolving credit facility e del Accounts Receivable Securitization Program.
Lamar Advertising Company (Nasdaq: LAMR) anunció que su subsidiaria, Lamar Media Corp., ha fijado una oferta privada de notas senior por 400,0 millones de dólares con vencimiento en 2033 y un interés del 5,375%. Las notas serán garantizadas por la mayoría de las subsidiarias nacionales de Lamar Media sobre una base senior unsecured.
La empresa espera recibir aproximadamente 393,5 millones de dólares en ingresos netos después de honorarios y gastos. Se espera que la oferta cierre alrededor del 25 de septiembre de 2025. Lamar Media planea usar los ingresos para pagar la deuda vigente bajo su revolving credit facility y el Accounts Receivable Securitization Program.
Lamar Advertising Company (나스닥: LAMR)의 자회사인 Lamar Media Corp.가 2033년 만기의 4억 달러 규모의 프라이빗 노트를 5.375%의 이자율로 가격 결정했습니다. 이 노트는 Lamar Media의 국내 자회사의 대다수에 의해 선순위 무담보로 보증됩니다.
회사는 수수료 및 비용 차감 후 약 3억 9천 3백 5십만 달러의 순수익을 받을 것으로 기대합니다. 발행은 약 2025년 9월 25일경에 마감될 예정입니다. Lamar Media는 수익금을 순환신용시설 및 매출채권 담보 프로그램의 기존 부채 상환에 사용할 계획입니다.
Lamar Advertising Company (Nasdaq: LAMR) a annoncé que sa filiale, Lamar Media Corp., a fixé une offre privée d'obligations senior pour 400,0 millions de dollars arrivant à échéance en 2033 avec un taux d'intérêt de 5,375%. Les obligations seront garanties par la plupart des filiales domestiques de Lamar Media sur une base senior non garantie.
L'entreprise prévoit de recevoir environ 393,5 millions de dollars de produits nets après frais et dépenses. On s'attend à ce que l'offre soit clôturée vers le 25 septembre 2025. Lamar Media prévoit d'utiliser les produits pour rembourser la dette en cours sous sa revolving credit facility et son Accounts Receivable Securitization Program.
Lamar Advertising Company (Nasdaq: LAMR) gab bekannt, dass seine Tochtergesellschaft Lamar Media Corp. eine private Platzierung von Senior Notes im Wert von 400,0 Mio. USD mit Fälligkeit 2033 zu einem Zinssatz von 5,375% platziert hat. Die Noten werden von den meisten inländischen Tochtergesellschaften von Lamar Media auf einer Senior-Unsecured-Basis garantiert.
Das Unternehmen erwartet nach Gebühren und Kosten ungefähr 393,5 Mio. USD an Nettoeinnahmen. Die Emission soll voraussichtlich um den 25. September 2025 abgeschlossen werden. Lamar Media plant, die Erlöse zur Rückzahlung bestehender Schulden unter ihrer revolvierenden Kreditfazilität und dem Accounts Receivable Securitization Program zu verwenden.
شركة Lamar للإعلانات (ناسداك: LAMR) أعلنت أن شركتها التابعة، Lamar Media Corp., وزعت عرضاً خاصاً للسندات من الدرجة الأولى قيمته 400.0 مليون دولار يستحق في عام 2033 وبمعدل فائدة 5.375%. ستكفل معظم الشركات التابعة الأمريكية لـ Lamar Media هذه السندات على أساس أولوية غير مضمونة.
تتوقع الشركة تلقي حوالى 393.5 مليون دولار كعائدات صافية بعد الرسوم والمصاريف. من المتوقع إغلاق العرض حوالي 25 سبتمبر 2025. تخطط Lamar Media لاستخدام العائدات لسداد الدين القائم بموجب مرفق الائتمان القابل للدوران وبرنامج توريق الذمم المدينة.
Lamar Advertising Company（纳斯达克：LAMR） 宣布其子公司 Lamar Media Corp. 已定价一笔4亿美元的高级票据私募发行，到期日为 2033 年，利率为 5.375%。该票据将由 Lamar Media 大多数国内子公司以高级无担保方式提供担保。
公司预计在扣除费用后净获得约 3.935亿美元 的收益。预计发行将于 2025 年 9 月 25 日 左右完成。Lamar Media 计划将募集资金用于偿还其循环信用额度及应收账款证券化计划下的现有债务。
- None.
- Additional long-term debt commitment with 5.375% interest rate
- Approximately $6.5 million in fees and expenses associated with the offering
Insights
Lamar Media raising $400M through senior notes to refinance existing debt, improving financial flexibility while maintaining leverage.
Lamar Media Corp, a subsidiary of Lamar Advertising, is issuing
This debt refinancing represents a standard liability management exercise that extends Lamar's debt maturity profile. By replacing short-term revolving debt with longer-dated fixed-rate notes, management is effectively locking in medium-term financing while reducing potential exposure to fluctuating interest rates. The
The transaction doesn't increase Lamar's overall debt burden since proceeds are being used to refinance existing obligations rather than fund new investments or acquisitions. This debt-neutral approach maintains the company's existing leverage profile while potentially improving debt maturity laddering and financial flexibility.
This private placement to qualified institutional buyers under Rule 144A suggests strong institutional interest in Lamar's debt offerings. The senior unsecured nature of these notes, guaranteed by domestic subsidiaries, provides investors with reasonable structural protection while giving Lamar operational flexibility compared to secured debt alternatives.
BATON ROUGE, La., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) announced today that its wholly owned subsidiary, Lamar Media Corp. (“Lamar Media”), has agreed to sell
Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, to repay indebtedness outstanding under the revolving portion of its senior credit facility and Accounts Receivable Securitization Program.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act of 1933, as amended (the “Securities Act”).
The Notes and related guarantees subject to the private placement have not been registered under the Securities Act, or any state securities laws, and will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons in offshore transactions in reliance on Regulation S. Unless so registered, the Notes and related guarantees may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
Forward-Looking Statements
This press release contains forward-looking statements regarding Lamar Media’s ability to complete this private placement and its application of net proceeds. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those results indicated in the forward-looking statements include uncertainties relating to market conditions for corporate debt securities generally and for the securities of advertising companies and for Lamar Media in particular.
This news release is for informational purposes only and is not an offer to sell, or the solicitation of an offer to buy, securities.
Company Contact:
Buster Kantrow
Director of Investor Relations
Lamar Advertising Company
(225) 926-1000
bkantrow@lamar.com
FAQ
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