
Lamar Media Raises $400M Through Senior Notes Offering to Reduce Debt
Lamar Advertising Company (Nasdaq: LAMR) announced that its subsidiary, Lamar Media Corp., is set to raise $400 million through a private placement of 5.375% senior notes due 2033. The offering, backed by guarantees from Lamar Media’s domestic subsidiaries, is expected to net approximately $393.5 million after fees and expenses.