Welcome to our dedicated page for Lamar Advertising news (Ticker: LAMR), a resource for investors and traders seeking the latest updates and insights on Lamar Advertising stock.
Lamar Advertising Company operates as an outdoor advertising company and real estate investment trust focused on billboard, logo sign, and transit advertising assets. News about LAMR commonly covers operating results, local and national advertising demand, acquisition-adjusted revenue trends, Adjusted EBITDA, AFFO, and updates tied to its outdoor display portfolio.
Recurring company developments also include cash dividends on Class A and Class B common stock, stock and debt repurchase authorizations, acquisitions of outdoor advertising assets, and appearances at media, communications, and property industry conferences.
Lamar Advertising Company (Nasdaq: LAMR) is planning to raise approximately $400 million through a private placement of senior notes by its subsidiary, Lamar Media Corp. The funds will primarily be used to repay existing debt under the revolving portion of its senior credit facility. Any remaining proceeds will support general corporate purposes or working capital needs. The offering is subject to market conditions and is directed at qualified institutional buyers, with no registration under the Securities Act.
Lamar Advertising Company (Nasdaq: LAMR) announced that CEO Sean Reilly will speak at the J.P. Morgan Global Technology, Media and Communications Conference on May 12, 2020, at 2:50 p.m. (ET). The session will be available via live audio webcast on the company's website and archived for 30 days. Lamar Advertising, founded in 1902, is a leading outdoor advertising firm with over 390,000 displays across the U.S. and Canada, including more than 3,600 digital billboards, catering to both local and national advertisers.