Press Releases

Press Releases

Lamar Advertising Company Announces Proposed Private Offering of Senior Notes

Baton Rouge, LA — January 7, 2014 — Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $510 million through an institutional private placement of senior notes due 2024 (the “Notes”) by its wholly owned subsidiary, Lamar Media Corp. 

Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, to repay all amounts outstanding under its senior credit facility and for general corporate purposes.  

This announcement is neither an offer to sell nor a solicitation of an offer to buy the Notes.
 
The Notes subject to the private placement have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons in offshore transactions in reliance on Regulation S.  Unless so registered, the Notes 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.

Forward-Looking Statements 

This press release contains forward-looking statements regarding Lamar Media’s 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. 

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This news release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, securities.

Contact: 

Lamar Media Corp.
Keith Istre
Chief Financial Officer
(225) 926-1000
KI@lamar.com

Nov 6, 2013

Lamar Advertising Company Announces Third Quarter 2013 Operating Results

Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announces the Company’s operating results for the third quarter ended September 30, 2013.

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Nov 4, 2013

Lamar Advertising Company Announces Redemption of 9 3/4% Senior Notes Due 2014

Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that its wholly owned subsidiary, Lamar Media Corp. (“Lamar Media”), intends to redeem in full all $350,000,000 in aggregate principal amount of its 9 3/4% Senior Notes due 2014 (CUSIP No. 513075AV3) (the “Notes”). The redemption will be made in accordance with the terms of the indenture governing the Notes and the terms of the notice of redemption.

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