Lamar (NASDAQ: LAMR) to sell $400M 5.375% senior notes 2033

Rhea-AI Filing Summary

Lamar Advertising Company announced that its wholly owned subsidiary, Lamar Media Corp., has agreed to sell $400.0 million in aggregate principal amount of 5.375% Senior Notes due 2033 through an institutional private placement. The closing of this notes offering is expected to occur on or about September 25, 2025, subject to customary closing conditions. The company furnished a press release with further details as an exhibit to this current report.

Insights

Corporate finance analyst

Lamar adds $400M of long-term debt via a private notes sale.

Lamar Advertising Company, through its wholly owned subsidiary Lamar Media Corp., has agreed to sell $400.0 million of 5.375% Senior Notes due 2033 in an institutional private placement. This increases the company's long-term fixed-rate debt and locks in a 5.375% coupon until 2033.

The transaction is expected to close on or about September 25, 2025, subject to customary closing conditions, so the additional capital is not available until completion. The filing does not state the specific use of proceeds or how the new notes interact with existing borrowings, so the overall effect on leverage and interest expense depends on those details.

Once the notes close, future filings and disclosures can provide more clarity on how this debt fits into Lamar's broader capital structure, including any refinancing activity or changes in interest costs tied to the $400.0 million principal and 5.375% rate.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

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

Understanding 8-K Material Events →

falsefalseLAMAR MEDIA CORP/DELAMAR ADVERTISING CO/NEW00010904250000899045 0000899045 2025-09-22 2025-09-22 0000899045 lamr:LamarAdvertisingCompanyMember 2025-09-22 2025-09-22

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): September 22, 2025

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 8.01. Other Events.

On September 22, 2025 Lamar Advertising Company issued a press release announcing that its wholly owned subsidiary, Lamar Media Corp., has agreed to sell $400.0 million in aggregate principal amount of 5.375% Senior Notes due 2033 through an institutional private placement (the “Notes Offering”). Subject to customary closing conditions, the closing of the Notes Offering is expected to occur on or about September 25, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein in accordance with Rule 135(c) of the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release of Lamar Advertising Company dated September 22, 2025
104		Cover Page Interactive Data File - (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 22, 2025				LAMAR ADVERTISING COMPANY
				By:		/s/ Jay L. Johnson
						Jay L. Johnson
						Executive Vice President, Chief Financial Officer and Treasurer

Date: September 22, 2025				LAMAR MEDIA CORP.
				By:		/s/ Jay L. Johnson
						Jay L. Johnson
						Executive Vice President, Chief Financial Officer and Treasurer

FAQ

What did Lamar Advertising Company (LAMR) announce in this 8-K?

Lamar Advertising Company announced that its wholly owned subsidiary, Lamar Media Corp., has agreed to sell $400.0 million of 5.375% Senior Notes due 2033 through an institutional private placement.

How large is Lamar Media Corp.'s new senior notes offering?

The offering covers 5.375% Senior Notes due 2033 with an aggregate principal amount of $400.0 million.

When is the Lamar (LAMR) $400 million notes offering expected to close?

The closing of the $400.0 million 5.375% Senior Notes due 2033 offering is expected to occur on or about September 25, 2025, subject to customary closing conditions.

Who is issuing the 5.375% Senior Notes due 2033 for Lamar?

The notes are being issued by Lamar Media Corp., a wholly owned subsidiary of Lamar Advertising Company, through an institutional private placement.

What additional information did Lamar (LAMR) provide about the notes sale?

Lamar included a press release dated September 22, 2025 as Exhibit 99.1, which is incorporated by reference and provides further details on the 5.375% Senior Notes due 2033 offering.

Is the Lamar Media Corp. notes transaction already completed?

No. The company stated that the closing of the $400.0 million 5.375% Senior Notes due 2033 offering is expected on or about September 25, 2025, subject to customary closing conditions.