Published: April 22, 2010
Lamar Advertising Company Announces Issuance of $400 Million of 7 7/8% Senior Subordinated Notes due 2018
BATON ROUGE, La. - (BUSINESS WIRE) - Lamar Advertising Company (Nasdaq: LAMR), a leading owner and operator
of outdoor advertising and logo sign displays, announced today that its
wholly-owned subsidiary, Lamar Media Corp., has closed its private
placement of $400 million in aggregate principal amount of its 7 7/8%
Senior Subordinated Notes due 2018. The proceeds, after the payment of
fees and expenses, to Lamar Media of this offering were approximately
$391 million.
The notes have not been and will not be registered under the Securities
Act of 1933, as amended, or any state securities laws, and may not be
offered or sold in the United States or to U.S. persons absent
registration under the Securities Act or an applicable exemption from
the registration requirements of the Securities Act and applicable state
securities laws.
This press release is for informational purposes only and is not an
offer to buy, or the solicitation of an offer to sell, securities.
Lamar Media Corp.
Keith Istre, 225-926-1000
Chief Financial
Officer
KI@lamar.com
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