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

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

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02/10/2012 | 12:34pm CEST

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

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Financials ($)
Sales 2016 1 507 M
EBIT 2016 444 M
Net income 2016 302 M
Debt 2016 2 227 M
Yield 2016 4,37%
P/E ratio 2016 22,34
P/E ratio 2017 20,74
EV / Sales 2016 5,93x
EV / Sales 2017 5,76x
Capitalization 6 707 M
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Consensus 
Mean consensus HOLD
Number of Analysts 10
Average target price 66,3 $
Spread / Average Target -4,1%
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Managers
NameTitle
Sean Eugene Reilly Chief Executive Officer
Kevin P. Reilly Chairman & President
Robert B. Switzer Vice President-Operations
Keith A. Istre Chief Financial Officer & Treasurer
John Maxwell Hamilton Independent Director
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APN OUTDOOR GROUP LTD27.21%964
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