Lamar Advertising extends receivables financing to 2029

Lamar Advertising Company reported that its direct wholly owned subsidiary, Lamar Media Corp., and indirect wholly owned subsidiaries Lamar QRS Receivables, LLC and Lamar TRS Receivables, LLC amended the accounts receivable securitization agreement.

Rhea-AI Filing Summary

Lamar Advertising Company reported that its direct wholly owned subsidiary, Lamar Media Corp., and indirect wholly owned subsidiaries Lamar QRS Receivables, LLC and Lamar TRS Receivables, LLC amended the accounts receivable securitization agreement. The amendment extends the program’s maturity to October 1, 2029.

It also provides additional flexibility for eligibility of certain receivables under the program.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Program maturity date: October 1, 2029 Amendment date: October 1, 2026 Original agreement date: December 18, 2018

3 metrics

Program maturity date October 1, 2029 Maturity date under the amendment

Amendment date October 1, 2026 Date of the eighth amendment

Original agreement date December 18, 2018 Date of the Receivables Financing Agreement

Key Terms

Accounts Receivable Securitization Program, Initial Servicer, Administrative Agent, Borrowers

4 terms

Accounts Receivable Securitization Program financial

"maturity date of the Accounts Receivable Securitization Program"

An accounts receivable securitization program is a financing arrangement where a company converts its unpaid customer invoices into immediate cash by packaging them and selling the right to collect those payments to investors or a third party. For investors, it matters because the program can boost a company’s short-term cash and reduce borrowing needs, but it also shifts credit risk and can affect reported assets, liabilities and future cash flows—similar to selling a bundle of IOUs to get money now.

Initial Servicer financial

"Lamar Media, as Initial Servicer"

Administrative Agent financial

"PNC Bank, National Association, as Administrative Agent"

An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

Borrowers financial

"the SPEs, as Borrowers"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does LAMR's accounts receivable securitization program mature?

The program’s maturity date is October 1, 2029 under the amendment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/06/2026 - 04:06 PM Accepted by SEC EDGAR 10/06/2026 - 04:05 PM Learn about SEC filing dates

LAMAR ADVERTISING CO/NEWfalsefalse00008990450001090425 0001090425 2026-10-01 2026-10-01 0001090425 lamr:LamarMediaCorporationAndSubsidiariesMember 2026-10-01 2026-10-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 1, 2026

LAMAR ADVERTISING COMPANY

LAMAR MEDIA CORP.

(Exact name of registrants as specified in its charter)

Delaware Delaware		1-36756 1-12407		47-0961620 72-1205791
(States or other jurisdictions of incorporation)		(Commission File Numbers)		(IRS Employer Identification Nos.)

5321 Corporate Boulevard, Baton Rouge, Louisiana 70808

(Address of principal executive offices and zip code)

(225) 926-1000

(Registrants’ telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Lamar Advertising Company securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A common stock, $0.001 par value		LAMR		The NASDAQ Stock Market, LLC

Lamar Media Corp. securities registered pursuant to Section 12(b) of the Act: none

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Lamar Advertising Company				Emerging growth company		☐
Lamar Media Corp.				Emerging growth company		☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Lamar Advertising Company		☐
Lamar Media Corp.		☐

Item 1.01. Entry into a Material Definitive Agreement.

On October 1, 2026, Lamar Advertising Company’s direct wholly owned subsidiary Lamar Media Corp. (“Lamar Media”) and indirect wholly-owned special purpose subsidiaries, Lamar QRS Receivables, LLC and Lamar TRS Receivables, LLC (collectively, the “SPEs”), entered into the Eighth Amendment, dated as of October 1, 2026 (the “Amendment”), to the Receivables Financing Agreement dated December 18, 2018, by and among Lamar Media, as Initial Servicer, the SPEs, as Borrowers, PNC Bank, National Association, as Administrative Agent and a Lender, PNC Capital Markets LLC, as Structuring Agent and Sustainability Agent, and certain lenders from time to time party thereto (such agreement, as amended, the “Receivables Financing Agreement”). Capitalized terms not defined herein shall have the meanings set forth in the Receivables Financing Agreement.

The Amendment extends the maturity date of accounts receivable securitization program established under the Receivables Financing Agreement (the “Accounts Receivable Securitization Program”) to October 1, 2029. Additionally, the Amendment provides additional flexibility for eligibility of certain receivables under the Accounts Receivable Securitization Program.

The Administrative Agent and its affiliates perform various financial advisory, investment banking and commercial banking services from time to time for Lamar Media and its affiliates, for which they receive customary fees. The Administrative Agent is a lender under Lamar Media’s senior credit facility, for which they receive customary fees and expense reimbursement in connection therewith.

The description above is qualified in its entirety by the Amendment filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
10.1		Eighth Amendment to the Receivables Financing Agreement, dated as of October 1, 2026, among Lamar Media, as Initial Servicer, the SPEs, as Borrowers, and PNC Bank, National Association, as Administrative Agent and a Lender.
104		Cover Page Interactive Data File - (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Date: October 6, 2026				LAMAR ADVERTISING COMPANY
				By:		/s/ Jay L. Johnson
						Jay L. Johnson
						Executive Vice President, Chief Financial Officer, and Treasurer

Date: October 6, 2026				LAMAR MEDIA CORP.
				By:		/s/ Jay L. Johnson
						Jay L. Johnson
						Executive Vice President, Chief Financial Officer, and Treasurer

Filing Exhibits & Attachments

2 documents

Agreements & Contracts

• EX-10.1 EX-10.1 688.6 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 44.5 KB