Lamar advertising company announces proposed private offering of senior notes

Baton rouge, la., jan. 07, 2021 (globe newswire) -- lamar advertising company (nasdaq: lamr) announced today that it is seeking to raise approximately $550.0 million through an institutional private placement of senior notes (the “notes”) by its wholly owned subsidiary, lamar media corp. (“lamar media”). the notes will be guaranteed on a senior unsecured basis by substantially all of lamar media's domestic subsidiaries. the completion of the proposed offering depends upon several factors, including market conditions.
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