secwatch.observer — SEC 8-K summary
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Issuer:     LAMAR ADVERTISING CO/NEW (LAMR)
CIK:        0001090425
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001193125-25-226747
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lamar Advertising subsidiary issues $400M of 5.375% Senior Notes due 2033
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090425/000119312525226747/0001193125-25-226747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899045/000119312525226747/d97349d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-226747

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