secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001193125-22-210548
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamar Media borrows $350M Term A Loans, repays revolver and AR facility
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- $350M Term A Loans established under Amendment No.2 to Credit Agreement dated Feb 2020.
- Proceeds used to repay all outstanding revolving credit facility and a portion of AR securitization.
- Term A Loans bear interest at Term SOFR + 1.25% or Base Rate + 0.25%; mature Feb 6, 2025.
- All $350M borrowed on July 29, 2022, the amendment effective date.
- Subsidiary guarantors reaffirmed guarantees and collateral under Credit Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000119312522210548/0001193125-22-210548-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899045/000119312522210548/d380331d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-210548

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