Lamar advertising company announces extension of stock and debt repurchase programs

Baton rouge, la., sept. 20, 2021 (globe newswire) -- lamar advertising company (nasdaq: lamr), a leading owner and operator of outdoor advertising and logo sign displays, announces that its board of directors has authorized the extension of its existing (i) stock repurchase program, which provides for the repurchase up to $250 million of its class a common stock and (ii) its debt repurchase program, which provides for the repurchase by lamar media corp., its wholly owned subsidiary, of up to $250 million of lamar media corp.'s outstanding senior notes and other indebtedness outstanding from time to time under lamar media corp.'s credit agreement. the repurchase programs, which were previously set to expire on september 30, 2021, have been extended through march 31, 2023. the repurchase programs may be further extended, suspended or discontinued at any time.
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