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Lamar Intends to Raise $400 Million

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Lamar Sets Up $400M note offering

Lamar Advertising has proposed a private offering of senior notes intended to raise about $400M by its wholly owned subsidiary, Lamar Media Corp.

Proceeds would go toward repaying outstanding indebtedness under the revolving portion of its senior credit facility and any remainder would be earmarked for general purposes.

Here’s a look at the OOH Market as of May 11, 1:30 PM

 

 

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