secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001193125-24-240401
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamar extends AR securitization maturity to Oct 2027 with springing feature
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- Seventh Amendment extends Receivables Financing Agreement maturity to October 15, 2027.
- Springing maturity test: if Term Loan B liquidity insufficient 91 days before its Feb 2027 maturity, program accelerates.
- Amendment entered Oct 15, 2024; PNC Bank remains Administrative Agent and a Lender.
- Related agreements: PSA Amendments, Fee Letter, Performance Guaranty also executed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000119312524240401/0001193125-24-240401-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899045/000119312524240401/d895876d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-240401

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer