Lamar Advertising Company Announces Proposed Private Offering of Senior Notes
Lamar Advertising Company (Nasdaq: LAMR) announced plans to raise $400.0 million through a private placement of senior notes via its subsidiary Lamar Media Corp. The notes will be guaranteed on a senior unsecured basis by most of Lamar Media's domestic subsidiaries.
The company intends to use the proceeds to repay existing debt under its revolving credit facility and Accounts Receivable Securitization Program. The offering's completion is subject to market conditions and other factors. The notes will be offered only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
Lamar Advertising Company (Nasdaq: LAMR) ha annunciato piani per raccogliere 400,0 milioni di dollari mediante una collocazione privata di obbligazioni senior tramite la controllata Lamar Media Corp. Le obbligazioni saranno garantite in via senior unsecured dalla maggior parte delle controllate statunitensi di Lamar Media.
La società intende utilizzare i proventi per rimborsare il debito esistente previsto dallrotazione della linea di credito e dal programma di cartolarizzazione dei crediti commerciali. Il completamento dell'offerta dipende dalle condizioni di mercato e da altri fattori. Le obbligazioni saranno offerte solo a investitori istituzionali qualificati ai sensi della Regola 144A e a soggetti non statunitensi ai sensi del Regolamento S.
Lamar Advertising Company (Nasdaq: LAMR) anunció planes para recaudar 400,0 millones de dólares mediante una colocación privada de notas senior a través de su subsidiaria Lamar Media Corp. Las notas serán garantizadas de forma sénior no asegurada por la mayoría de las filiales nacionales de Lamar Media.
La empresa planea utilizar los fondos para pagar la deuda existente bajo su facilidad de crédito revolvente y el Programa de Titulización de Cuentas por Cobrar. La finalización de la oferta está sujeta a condiciones de mercado y a otros factores. Las notas se ofrecerán únicamente a compradores institucionales calificados conforme a la Regla 144A y a personas no estadounidenses conforme al Reglamento S.
Lamar Advertising Company (나스닥: LAMR)는 자회사 Lamar Media Corp.를 통해 4억 달러 규모의 프라이빗 배치를 통해 선순위 채권을 모집할 계획을 발표했습니다. 해당 채권은 Lamar Media의 대부분 국내 자회사에 의해 1순위 무담보로 보증될 예정입니다.
회사는 매출로 기존의 회전신용한도 및 매출채권 유동화 프로그램 부채를 상환하는 데 사용할 계획입니다. 공모의 완료 여부는 시장 상황 및 기타 요인에 좌우됩니다. 채권은 규칙 144A에 따른 자격 있는 기관투자자와 규정 S에 따른 미국 이외의 자에 한해 제공될 예정입니다.
Lamar Advertising Company (Nasdaq : LAMR) a annoncé son intention de lever 400,0 millions de dollars par une placement privé d’obligations seniors par l’intermédiaire de sa filiale Lamar Media Corp. Les obligations seront garanties de premier rang non garanties par la plupart des filiales américaines de Lamar Media.
La société prévoit d’utiliser le produit pour rembourser la dette existante liée à sa facilité de crédit renouvelable et au programme de titrisation des comptes clients. La réalisation de l’offre dépendra des conditions du marché et d’autres facteurs. Les obligations seront offertes uniquement à des acheteurs institutionnels qualifiés conformément à la Rule 144A et à des personnes non américaines en vertu du Reglement S.
Lamar Advertising Company (Nasdaq: LAMR) gab Pläne bekannt, 400,0 Mio. USD durch eine Privatplatzierung von Senior Notes über ihre Tochtergesellschaft Lamar Media Corp. aufzunehmen. Die Anleihen werden von den meisten inländischen Tochtergesellschaften von Lamar Media in vorrangiger, unbesicherter Form garantiert.
Das Unternehmen beabsichtigt, die Erlöse zu verwenden, um bestehende Schulden aus der revolvierenden Kreditfazilität und dem Programm zur Forderungs-Verbriefung zurückzuzahlen. Die Durchführung der Emission hängt von Marktbedingungen und weiteren Faktoren ab. Die Anleihen werden ausschließlich an qualifizierte institutionelle Käufer gemäß Rule 144A sowie an nicht in den USA ansässige Personen gemäß Regulation S angeboten.
شركة Lamar Advertising Company (ناسداك: LAMR) أعلنت عن خطط لجمع 400.0 مليون دولار من خلال إعادة طرح خاصة لسندات رفيعة المستوى عبر شركتها التابعة Lamar Media Corp. ستكون السندات مضمونة من الدرجة الأولى وغير مضمونة بضمان من قبل معظم الشركات التابعة الأمريكية لشركة Lamar Media.
تعتزم الشركة استخدام العائدات لسداد الدين الحالي بموجب تسهيلات الائتمان القابلة للد revolvّال وبرنامج证券 securitization للحسابات المدينة. إتمام العرض خاضع لظروف السوق وعوامل أخرى. ستُعرض السندات فقط على المشترين المؤسسيين المؤهلين وفقاً للقاعدة 144A وعلى أشخاص غير أمريكيين وفقاً للوائح Regulation S.
Lamar Advertising Company（纳斯达克股票代码：LAMR）宣布计划通过其子公司 Lamar Media Corp. 以私募形式筹集 4亿美元的高级票据。该等票据将由 Lamar Media 的大多数美国境内子公司以高级无担保的形式提供担保。
公司拟将募集资金用于偿还其循环信贷额度和应收账款证券化计划的现有债务。此次发行的完成将取决于市场条件及其他因素。票据仅向符合 Rule 144A 的合格机构买家及符合 Regulation S 的非美国主体发行。
- Potential to refinance and restructure existing debt obligations
- Strategic move to manage debt through private placement rather than public offering
- Strong institutional backing indicated by the size of the offering at $400 million
- Increased debt load through new senior notes issuance
- Additional interest expenses from new notes could impact future cash flows
- Subject to market conditions which could affect offering terms
Insights
Lamar is refinancing $400M debt through private notes offering, likely to optimize capital structure rather than fund growth.
Lamar Advertising Company is pursuing a $400 million institutional private placement of senior notes through its wholly owned subsidiary, Lamar Media Corp. The company plans to use these proceeds to pay down existing revolving credit facility debt and its Accounts Receivable Securitization Program rather than fund expansion or new initiatives.
This transaction represents a debt refinancing rather than new capital raising, essentially shuffling liabilities on the balance sheet. By replacing short-term revolving debt with longer-term senior notes, Lamar is likely seeking to stabilize its debt structure and potentially lock in interest rates before they potentially rise further.
The private placement approach targets qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, avoiding the more extensive registration requirements of public offerings. This suggests Lamar wants efficiency and speed in execution.
While the transaction's impact depends on the eventual interest rate and terms secured (which aren't disclosed), this type of liability management is a routine corporate finance activity for companies of Lamar's size. The transaction doesn't fundamentally change the company's overall leverage profile since proceeds will repay existing debt rather than increase total indebtedness.
For investors, this is primarily a balance sheet management move that may provide more favorable debt terms and extended maturities, though the ultimate financial benefit will depend on the spread between the new notes' interest rate and the debt being repaid.
BATON ROUGE, La., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately
Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, to repay indebtedness outstanding under the revolving portion of its senior credit facility and Accounts Receivable Securitization Program.
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 sell, or the solicitation of an offer to buy, securities.
Company Contact:
Buster Kantrow
Director of Investor Relations
Lamar Advertising Company
(225) 926-1000
bkantrow@lamar.com
FAQ
How much is Lamar Advertising (LAMR) planning to raise in its senior notes offering?
What will Lamar Advertising (LAMR) use the proceeds for?
Who can purchase Lamar Advertising's (LAMR) new senior notes?
Are Lamar Advertising's (LAMR) new senior notes registered under the Securities Act?
Who will guarantee Lamar Advertising's (LAMR) new senior notes?
