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Lamar Advertising Company Prices Private Offering of Senior Notes

1. Lamar Media announces $400 million senior notes offering due 2033. 2. Proceeds will repay existing debt under credit facilities. 3. Offering expected to close on or around September 25, 2025. 4. Notes are secured by Lamar Media's domestic subsidiaries. 5. Market conditions remain uncertain, impacting potential results.

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Why Bullish?

The issuance of senior notes for debt repayment enhances financial stability, potentially decreasing interest expenses. Such actions have historically strengthened stock prices in similar firms, indicating a positive outlook for LAMR.

How important is it?

The article discusses a significant financial maneuver that could improve liquidity and lower debt levels, impacting investor perception positively.

Why Short Term?

The upcoming closure date (Sept 25) suggests immediate market sentiment effects, likely influencing stock price in the near future as investors react to improved debt management.

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OUTFRCMEEYE
September 22, 2025 16:52 ET  | Source: Lamar Advertising Company BATON ROUGE, La., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) announced today that its wholly owned subsidiary, Lamar Media Corp. ‎(“Lamar Media”)‎, has agreed to sell $400.0 million in aggregate principal amount of 5.375% Senior Notes due 2033 (the “Notes”) through an institutional private placement. The Notes will be guaranteed on a senior unsecured basis by substantially all of Lamar Media’s domestic subsidiaries. The proceeds, after the payment of fees and expenses, to Lamar Media of this offering are expected to be approximately $393.5 million. Subject to customary closing conditions, the closing of this offering is expected on or about September 25, 2025. Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, to repay indebtedness outstanding under the revolving portion of its senior credit facility and Accounts Receivable Securitization Program. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act of 1933, as amended (the “Securities Act”). The Notes and related guarantees subject to the private placement have not been registered under the Securities Act, or any state securities laws, and will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons in offshore transactions in reliance on Regulation S. Unless so registered, the Notes and related guarantees may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Forward-Looking Statements This press release contains forward-looking statements regarding Lamar Media’s ability to complete this private placement and its application of net proceeds. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those results indicated in the forward-looking statements include uncertainties relating to market conditions for corporate debt securities generally and for the securities of advertising companies and for Lamar Media in particular. This news release is for informational purposes only and is not an offer to sell, or the solicitation of an offer to buy, securities. Company Contact: Buster KantrowDirector of Investor RelationsLamar Advertising Company(225) 926-1000bkantrow@lamar.com

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