Lamar Media Corp. closes $700M Term B Loan refinancing; matures 2032

LAMAR ADVERTISING CO/NEW

Established $700M Term B Loans on Sept 23, 2025; borrowed full amount same day.
Used $600M to repay prior Term B Loans; remainder paid down revolving credit balance.
Term B Loans mature Sept 23, 2032; interest at SOFR + 1.50% or base rate + 0.50%.
Subsidiary guarantors reaffirm guarantees; no defaults or events of default occurred.

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