OUTFRONT Media closes $1.0B refinancing; new revolver and term loan at improved pricing

OUTFRONT Media Inc.

New $500M revolving credit facility matures Sept 2030; $500M term loan matures Sept 2032.
SOFR-based pricing: revolver margin 1.25%-1.75%, term loan margin 1.75%-2.00%.
Proceeds used to repay existing secured facilities, AR facility, fees, and general corporate purposes.
CFO Matthew Siegel granted $400K one-time performance-based RSU award with three-year cliff vest.
Covenant requires Consolidated Net Secured Leverage Ratio ≤ 4.5x; standard events of default.

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