secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001193125-23-132452
Event type: other
Sentiment:  neutral
Materiality: 0.15
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamar Media amends credit agreement to replace LIBOR with Term SOFR
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000119312523132452/0001193125-23-132452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899045/000119312523132452/d925964d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-132452

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