LAMAR ADVERTISING CO/NEW (LAMR): debt financing — Lamar Advertising subsidiary issues $400M of 5.375% Senior Notes due 2033

LAMAR ADVERTISING CO/NEW

Lamar Media Corp. issued $400M of 5.375% Senior Notes due November 1, 2033.
Net proceeds of approximately $393.5M; interest payable semi-annually starting May 1, 2026.
Covenants restrict additional debt, distributions, liens, affiliate transactions, and asset sales.
Redemption: up to 40% at 105.375% prior to Nov 2028 with equity offering proceeds; make-whole prior to Nov 2028, then at specified prices.
Event of default includes non-payment, covenant breach, cross-acceleration over $150M, and bankruptcy.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

LAMAR ADVERTISING CO/NEW incurred senior notes of $400.0 million with U.S. Bank Trust Company, National Association at 5.375% maturing November 1, 2033.

Instrument: senior notes
Principal: $400.0 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.375%
Maturity: November 1, 2033
Event: incurrence

Exact text from the filing

On September 25, 2025, Lamar Advertising Company (the “Company”) completed an institutional private placement of $400.0 million in aggregate principal amount of 5.375% Senior Notes due 2033 (the “Notes”) of Lamar Media Corp., its wholly owned subsidiary (“Lamar Media”).

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Source: SEC EDGAR

accession 0001193125-25-226747

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