debt
confidence high
sentiment neutral
materiality 0.55
OUTFRONT Media prices $450M 7.375% Senior Secured Notes due 2031; to redeem 2025 notes
OUTFRONT Media Inc.
- Priced $450M aggregate principal of 7.375% Senior Secured Notes due 2031 at 100% of par.
- Net proceeds to redeem all outstanding 6.250% Senior Notes due 2025.
- Closing expected on November 20, 2023, subject to customary conditions.
- Notes are guaranteed on a senior secured basis by OUTFRONT and its subsidiaries.
- Offered in private placement under Rule 144A and Regulation S.