Lamar advertising company announces commencement of exchange offer for 3 3/4% senior notes due 2028, 4 7/8% senior notes due 2029 and 4% senior notes due 2030

Baton rouge, la., sept. 16, 2020 (globe newswire) -- lamar advertising company (nasdaq: lamr) announced today that its wholly owned subsidiary, lamar media corp., has commenced an offer to exchange (i) all $600.0 million of its outstanding ‎3 3/4% senior notes due 2028‎ (the “2028 original notes”), which are not registered under the securities act of 1933, as amended (the “securities act”), for an equal principal amount of newly issued ‎3 3/4% senior notes due 2028‎ that have been registered under the securities act (the “2028 exchange notes”), (ii) all $400.0 million of its outstanding ‎‎4 7/8% senior notes due 2029‎‎ (the “2029 original notes”), which are not registered under the securities act, for an equal principal amount of newly issued ‎4 7/8% senior notes due 2029‎‎ that have been registered under the securities act (the “2029 exchange notes”), and (iii) all $550.0 million of its outstanding ‎‎‎4% senior notes due 2030‎ (the “2030 original notes”, and together with the 2028 original notes and the 2029 original notes, the “original notes”), which are not registered under the securities act, for an equal principal amount of newly issued ‎‎4% senior notes due 2030‎ that have been registered under the securities act (the “2030 exchange notes”, and together with the 2028 exchange notes and 2029 exchange notes, the “exchange notes”). 
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