secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001193125-23-201706
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamar Media extends $750M revolver maturity to July 2028, adds $75M swingline
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- Extension of $750M revolving credit facility maturity to July 31, 2028; springing maturity if insufficient liquidity for Term B Loan or 2028 notes.
- New $75M swingline sublimit for same-day borrowings.
- Amendment also allows for incremental revolving facilities on certain terms.
- Term B Loan matures Feb 2027, 2028 Senior Notes mature Feb 2028; springing condition triggers 91 days prior.
- Other terms unchanged (interest rates, unused fees, guarantees, covenants, events of default).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000119312523201706/0001193125-23-201706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899045/000119312523201706/d520407d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-201706

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