Press Releases

Press Releases

Lamar Advertising Company Announces Proposed Private Offering of Senior Notes

Baton Rouge, LA — January 21, 2020 — Lamar Advertising Company (Nasdaq: LAMR) announced today that it intends to offer approximately $1.0 billion through an institutional private placement of one or more series of senior notes (the “Notes”) by its wholly owned subsidiary, Lamar Media Corp., subject to market conditions. 

Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, to (i) redeem all of its outstanding $510.0 million aggregate principal amount 5 3/8% Senior Notes due 2024, (ii) repay the Term A loans under its senior credit facility, (iii) repay certain outstanding amounts under the revolving portion of its senior credit facility, and (iv) with the remainder, if any, to fund working capital needs or for general corporate purposes.

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 “Securities Act”).
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 144A under the Securities Act and to non-U.S. persons in offshore transactions in reliance on Regulation S.  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.

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. 


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

Press Contact:
Buster Kantrow
Director of Investor Relations
Lamar Advertising Company
(225) 926-1000

Jan 21, 2020

Lamar Advertising Company Announces Conditional Redemption of 5 3/8% Senior Notes Due 2024

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 $510,000,000 in aggregate principal amount of its outstanding 5 3/8% Senior Notes due 2024.

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Jan 3, 2020

Lamar Advertising Company to Release Fourth Quarter Ended December 31, 2019 Operating Results

Lamar Advertising Company (Nasdaq: “LAMR”) will release its fourth quarter ended December 31, 2019 earnings report before the market opens Thursday, February 20, 2020.

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