{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-226747","form_type":"8-K","ticker":"LAMR","cik":"0001090425","company_name":"LAMAR ADVERTISING CO/NEW","filed_at":"2025-10-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.769991+00:00","generated_at":"2026-05-17T05:02:33.250554+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Lamar Advertising subsidiary issues $400M of 5.375% Senior Notes due 2033","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-226747","json":"https://secwatch.observer/filing/0001193125-25-226747.json","markdown":"https://secwatch.observer/filing/0001193125-25-226747.md","text":"https://secwatch.observer/filing/0001193125-25-226747.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090425/000119312525226747/0001193125-25-226747-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/899045/000119312525226747/d97349d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:02:33.250554+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ee86a82ff63d2218479ffb08fa4c45dd0e1ce9b","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090425/000119312525226747/0001193125-25-226747-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400.0 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"5.375%"},{"label":"Maturity","value":"November 1, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}