Lamar Advertising Company (Nasdaq: LAMR) announced today that its wholly‑owned subsidiary, Lamar Media Corp., will sell $400 million in aggregate principal amount of 5.375% senior notes due 2033 through an institutional private placement. The notes are guaranteed on a senior unsecured basis by substantially all of Lamar Media’s domestic subsidiaries and are expected to close on or about September 25, 2025.
Proceeds from the offering, after fees and expenses, are anticipated to be approximately $393.5 million. Lamar Media plans to use the net proceeds to repay indebtedness outstanding under the revolving portion of its senior credit facility and the Accounts Receivable Securitization Program, thereby reducing leverage and improving the company’s balance‑sheet profile.
The private placement is offered only to qualified institutional buyers under Rule 144A and to non‑U.S. persons in offshore transactions under Regulation S, and the notes have not been registered under the Securities Act or any state securities laws. The transaction represents a significant financing event that provides liquidity and debt‑repayment capacity for Lamar Advertising, while also increasing its debt load in a controlled manner.
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