Lamar Advertising Secures $400 Million Senior Notes Offering

Author: Evelyn Baker Updated: 09-22-2025 05:00 PM

Lamar Advertising Company Announces Successful Private Offering

Lamar Advertising Company (Nasdaq: LAMR) has recently made significant strides with its wholly owned subsidiary, Lamar Media Corp. This company has finalized plans to sell $400 million worth of 5.375% Senior Notes that are set to mature in 2033. The offering is taking place through a private placement method aimed at institutional investors.

Details of the Senior Notes Offering

The Senior Notes will be supported and guaranteed on a senior unsecured basis by Lamar Media’s domestic subsidiaries. After deducting necessary fees and expenses, the anticipated proceeds from the offering are estimated to be around $393.5 million. Once all standard closing conditions are satisfied, the anticipated closing date for this offering falls on or about September 25, 2025.

Purpose of the Proceeds

Lamar Media has outlined a clear intention for the proceeds from this offering. Primarily, these funds are designated for the repayment of existing debt under its revolving credit facility and the Accounts Receivable Securitization Program. By addressing these financial obligations, Lamar Media aims to enhance its overall fiscal health.

Regulatory Compliance and Limitations

This private placement is governed by specific regulatory frameworks. Importantly, the Notes and associated guarantees will not be registered under the Securities Act or any other state laws. Therefore, they will be available exclusively to qualified institutional buyers in line with Rule 144A and to non-U.S. entities through offshore transactions under Regulation S. Without proper registration, the offering of these securities within the United States will be restricted except in compliance with applicable exemptions.

Understanding Forward-Looking Statements

While this announcement does present exciting opportunities, it also includes forward-looking statements concerning Lamar Media’s potential to successfully conclude the private placement and appropriately utilize the net proceeds. It's pertinent to note that these projections are inherently subject to a variety of risks and uncertainties that could cause actual outcomes to differ significantly from those anticipated. Factors influencing these outcomes include the general market conditions for corporate debt securities as well as for advertising entities, particularly Lamar Media.

Communication and Investor Relations

For further inquiries, interested parties can reach out to Buster Kantrow, the Director of Investor Relations at Lamar Advertising Company. He can be contacted at (225) 926-1000 or through email at bkantrow@lamar.com.

Frequently Asked Questions

What is the total amount being raised through the Senior Notes?

Lamar Advertising is raising a total of $400 million through this private offering.

What are the Senior Notes' interest rates and maturity date?

The Senior Notes carry an interest rate of 5.375% and are set to mature in 2033.

How will Lamar Advertising utilize the proceeds from this offering?

The funds will be used primarily to repay outstanding debt related to the revolving portion of its credit facility and Accounts Receivable Securitization Program.

What are the eligibility criteria for investing in these Senior Notes?

The Notes will only be available to qualified institutional buyers in compliance with Rule 144A and to non-U.S. persons in offshore transactions under Regulation S.

Who can I contact for more information about this offering?

For further information, you can contact Buster Kantrow, the Director of Investor Relations at Lamar Advertising Company.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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