Out Of Home Today is the leading source for news and information on the out of home industry.

- Advertisement -

Outfront Media Prices $400M in Debt

0 429

OUTFRONT Media Announces Pricing Of Senior Notes Offering

OUTFRONT Media (OUT) announced Wednesday, that two of its wholly-owned subsidiaries priced a private offering of $400.0 million in aggregate principal amount of 6.25% Senior Notes due 2025 (the “notes”). The notes are to be sold at an issue price of 100.0% of the principal amount. The offering is expected to close on May 15, 2020, subject to customary closing conditions.

OUTFRONT Media intends to use the net proceeds from the notes offering, together with cash on hand, to repay $400.0 million of outstanding borrowings under its revolving credit facility, and to pay fees and expenses in connection with the notes offering. The notes will be guaranteed on a senior unsecured basis by OUTFRONT Media Inc. and each of its direct and indirect subsidiaries that guarantees its senior credit facilities.

See the press release here ⇒Outfront Media prices $400M in debt

               

 

- Advertisement -

- Advertisement -

- Advertisement -

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.