Lamar Advertising unit prices $400 million of 5.375% senior notes due 2033
Lamar Media Corp., a wholly owned subsidiary of Lamar Advertising, sold $400.0 million of 5.375% Senior Notes due 2033 in a private placement completed September 25, 2025, with net proceeds of about $393.5 million. The notes add new long-term debt, and the indenture contains covenants limiting additional debt, liens, asset sales and restricted payments.
Key points
- Principal of $400.0 million; notes mature November 1, 2033 and pay 5.375% interest semi-annually, starting May 1, 2026
- Net proceeds to Lamar Media of approximately $393.5 million
- Lamar Media may redeem up to 40% before November 1, 2028 at 105.375% of principal using certain public equity offering proceeds
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.