Lamar advertising company announces proposed private offering of senior notes

Lamar advertising company announces proposed private offering of senior notes.lamar advertising co - intends to offer about $1.0 billion through institutional private placement of one or more series of senior notes by its unit.lamar advertising co - lamar media intends to use proceeds of offering to redeem all of its outstanding $510.0 million 5 3/8% senior notes due 2024.lamar advertising co - lamar media also intends to use proceeds of offering to repay term a loans under its senior credit facility.
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