{"id":410333,"date":"2021-01-07T08:05:40","date_gmt":"2021-01-07T13:05:40","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=410333"},"modified":"2021-01-07T08:05:40","modified_gmt":"2021-01-07T13:05:40","slug":"lamar-advertising-company-announces-proposed-private-offering-of-senior-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/","title":{"rendered":"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes"},"content":{"rendered":"
\n

BATON ROUGE, La., Jan. 07, 2021 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $550.0 million through an institutional private placement of senior notes (the \u201cNotes\u201d) by its wholly owned subsidiary, Lamar Media Corp. (\u201cLamar Media\u201d). The Notes will be guaranteed on a senior unsecured basis by substantially all of Lamar Media\u2019s domestic subsidiaries. The completion of the proposed offering depends upon several factors, including market conditions.<\/p>\n

Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, together with cash on hand and borrowings under its senior secured revolving credit facility and Accounts Receivable Securitization Program, to redeem all of its outstanding $650.0\u00a0million aggregate principal amount 5 3\/4% Senior Notes due 2026.<\/p>\n

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 \u201cSecurities Act\u201d).<\/p>\n

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\u00a0144A under the Securities Act and to\u00a0non-U.S.\u00a0persons in offshore transactions in reliance on Regulation\u00a0S. 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.<\/p>\n

\n Forward-Looking Statements <\/strong>\n <\/p>\n

This press release contains forward-looking statements regarding Lamar Media\u2019s 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.<\/p>\n

\n This news release is for informational purposes only and is not an offer to sell, or the solicitation of an offer to buy, securities.<\/em>\n <\/p>\n

\n Company Contact:<\/strong>\n <\/p>\n

Buster Kantrow
Director of Investor Relations
Lamar Advertising Company
(225) 926-1000
bkantrow@lamar.com<\/a><\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

BATON ROUGE, La., Jan. 07, 2021 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $550.0 million through an institutional private placement of senior notes (the \u201cNotes\u201d) by its wholly owned subsidiary, Lamar Media Corp. (\u201cLamar Media\u201d). The Notes will be guaranteed on a senior unsecured basis by substantially all of Lamar Media\u2019s domestic subsidiaries. The completion of the proposed offering depends upon several factors, including market conditions. Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, together with cash on hand and borrowings under its senior secured revolving credit facility and Accounts Receivable Securitization Program, to redeem all of its outstanding $650.0\u00a0million aggregate … <\/p>\n

Continue reading “Lamar Advertising Company Announces Proposed Private Offering of Senior Notes”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-410333","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nLamar Advertising Company Announces Proposed Private Offering of Senior Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BATON ROUGE, La., Jan. 07, 2021 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $550.0 million through an institutional private placement of senior notes (the \u201cNotes\u201d) by its wholly owned subsidiary, Lamar Media Corp. (\u201cLamar Media\u201d). The Notes will be guaranteed on a senior unsecured basis by substantially all of Lamar Media\u2019s domestic subsidiaries. The completion of the proposed offering depends upon several factors, including market conditions. Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, together with cash on hand and borrowings under its senior secured revolving credit facility and Accounts Receivable Securitization Program, to redeem all of its outstanding $650.0\u00a0million aggregate … Continue reading "Lamar Advertising Company Announces Proposed Private Offering of Senior Notes"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-07T13:05:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjE4MyMzOTA4ODUwIzIwMTkwNDU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes\",\"datePublished\":\"2021-01-07T13:05:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/\"},\"wordCount\":421,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMjE4MyMzOTA4ODUwIzIwMTkwNDU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/\",\"name\":\"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMjE4MyMzOTA4ODUwIzIwMTkwNDU=\",\"datePublished\":\"2021-01-07T13:05:40+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMjE4MyMzOTA4ODUwIzIwMTkwNDU=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMjE4MyMzOTA4ODUwIzIwMTkwNDU=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/","og_locale":"en_US","og_type":"article","og_title":"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes - Market Newsdesk","og_description":"BATON ROUGE, La., Jan. 07, 2021 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $550.0 million through an institutional private placement of senior notes (the \u201cNotes\u201d) by its wholly owned subsidiary, Lamar Media Corp. (\u201cLamar Media\u201d). The Notes will be guaranteed on a senior unsecured basis by substantially all of Lamar Media\u2019s domestic subsidiaries. The completion of the proposed offering depends upon several factors, including market conditions. Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, together with cash on hand and borrowings under its senior secured revolving credit facility and Accounts Receivable Securitization Program, to redeem all of its outstanding $650.0\u00a0million aggregate … Continue reading \"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-07T13:05:40+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjE4MyMzOTA4ODUwIzIwMTkwNDU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes","datePublished":"2021-01-07T13:05:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/"},"wordCount":421,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjE4MyMzOTA4ODUwIzIwMTkwNDU=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/","name":"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjE4MyMzOTA4ODUwIzIwMTkwNDU=","datePublished":"2021-01-07T13:05:40+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjE4MyMzOTA4ODUwIzIwMTkwNDU=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMjE4MyMzOTA4ODUwIzIwMTkwNDU="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/lamar-advertising-company-announces-proposed-private-offering-of-senior-notes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Lamar Advertising Company Announces Proposed Private Offering of Senior Notes"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/410333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=410333"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/410333\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=410333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=410333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=410333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}