Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Lamar Advertising Co    LAMR

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Lamar Advertising Company : Announces Issuance of $500 Million of 5 7/8% Senior Subordinated Notes due 2022

02/10/2012 | 06:34am US/Eastern

5321 Corporate Boulevard
Baton Rouge, LA 70808

Lamar Advertising Company Announces

Issuance of $500 Million of 5 7/8% Senior Subordinated Notes due 2022

Baton Rouge, LA - February 9, 2012 - Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, announced today that its wholly owned subsidiary, Lamar Media Corp., has closed its private placement of $500 million in aggregate principal amount of its 5 7/8% Senior Subordinated Notes due 2022. The proceeds of this offering to Lamar Media, after the payment of fees and expenses, were approximately $489 million.

The notes have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

******

This press release is for informational purposes only and is not an offer to buy, or the solicitation of an offer to sell, securities.

Contact:

Lamar Media Corp.
Keith Istre
Chief Financial Officer
(225) 926-1000
KI@lamar.com

React to this article
Latest news on LAMAR ADVERTISING CO
02/01 LAMAR ADVERTISING C : NEW : Entry into a Material Definitive Agreement, Creation..
01/26 LAMAR ADVERTISING C : NEW : Other Events, Financial Statements and Exhibits (for..
01/25 Lamar Advertising Company Prices Private Offering of Senior Notes
01/25 LAMAR ADVERTISING C : NEW : Regulation FD Disclosure, Other Events, Financial St..
01/25 Lamar Advertising Company Announces Proposed Private Offering of Senior Notes
01/15 LAMAR ADVERTISING : Outdoor Advertising is the New Black
01/13 LAMAR ADVERTISING C : NEW : Entry into a Material Definitive Agreement, Results ..
01/13 Lamar Advertising Company to Release Fourth Quarter Ended December 31, 2015 O..
01/12 LAMAR ADVERTISING : Expands Transit Advertising Coverage in Denver on RTD’..
01/09 LAMAR ADVERTISING : Clear Channel sells Tacoma-area billboard operations
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials