Lamar Advertising Boosts Financial Flexibility With $1.1B Refinancing

Key Takeaways Lamar raised $400M from 5.375% Senior Notes due 2033 via private placement.The company secured a new$ 700M Term-Loan B, replacing debt due in 2027.Refinancing enhances liquidity and improves Lamar's debt maturity profile.Lamar Advertising Company (LAMR) announced that it has completed refinancing transactions totaling $1.1 billion via its wholly owned subsidiary, Lamar Media Corp. The move will aid the balance sheet strength required for future growth endeavors.The transactions comprised the s ...