---
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"
generated_at: "2026-06-16T02:36:54.281608+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Lamar Media amends credit agreement to replace LIBOR with Term SOFR

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-132452
- JSON: https://secwatch.observer/filing/0001193125-23-132452.json
- Plain text: https://secwatch.observer/filing/0001193125-23-132452.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: Amendment No. 3 replaced LIBOR with Term SOFR as a successor rate
  - Effective: 2023-04-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1090425/000119312523132452/0001193125-23-132452-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.