{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-132452","form_type":"8-K","ticker":"LAMR","cik":"0001090425","company_name":"LAMAR ADVERTISING CO/NEW","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.909238+00:00","generated_at":"2026-06-16T02:36:54.281608+00:00","sec_items":["1.01","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Lamar Media amends credit agreement to replace LIBOR with Term SOFR","bullets":["Amendment No. 3 replaces LIBOR with Term SOFR as the benchmark rate in the credit agreement.","All other material terms of the $2.1B credit facility remain unchanged.","Amendment became effective April 26, 2023, with no lender objection received.","Existing Eurodollar loans continue until their current interest period ends."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-132452","json":"https://secwatch.observer/filing/0001193125-23-132452.json","markdown":"https://secwatch.observer/filing/0001193125-23-132452.md","text":"https://secwatch.observer/filing/0001193125-23-132452.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090425/000119312523132452/0001193125-23-132452-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/899045/000119312523132452/d925964d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T02:36:54.281608+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"efbf0f1a7f4e70c81e7ade1a627ae334c8723766","claim":"LAMAR ADVERTISING CO/NEW amended Fourth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at Amendment No. 3 replaced LIBOR with Term SOFR as a successor rate (effective 2023-04-26).","evidence_excerpt":"On April 26, 2023, Lamar Advertising Company’s (the “ Company ”) direct wholly owned subsidiary Lamar Media Corp. (“ Lamar Media ”) entered into Amendment No. 3, dated as of April 26, 2023 (the “ Amendment ”), to the Fourth Amended and Restated Credit Agreement dated February 6, 2020, by and among Lamar Media, as Borrower, the Company, Lamar Media’s subsidiary guarantors party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and certain lenders from time to time party thereto (such agreement, as amended, the “ Credit Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090425/000119312523132452/0001193125-23-132452-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"Amendment No. 3 replaced LIBOR with Term SOFR as a successor rate"},{"label":"Effective","value":"2023-04-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}