Lamar Advertising plans to raise $400 million through a private placement of senior notes for debt repayment.
Quiver AI Summary
Lamar Advertising Company announced its intention to raise approximately $400 million through an institutional private placement of senior notes by its subsidiary, Lamar Media Corp. These notes will be guaranteed by most of Lamar Media's domestic subsidiaries. The proceeds are intended to pay down existing debt from its credit facility and securitization program, subject to market conditions. The offering will be available only to qualified institutional buyers in accordance with specific regulations, and the notes have not been registered under securities laws. The press release serves as a notice that includes forward-looking statements, which are subject to various risks and uncertainties that could affect the anticipated results.
Potential Positives
- Lamar Advertising Company is seeking to raise approximately $400.0 million, which indicates a strategic move to strengthen its financial position.
- The proposed offering aims to refinance existing debt, which could improve the company's balance sheet and reduce interest expenses.
- The notes will be guaranteed by substantially all domestic subsidiaries, providing additional security for investors and potentially increasing investor confidence.
Potential Negatives
- The need to raise approximately $400 million through a private placement may indicate underlying financial challenges or a high level of existing debt that the company is seeking to address.
- The reliance on market conditions for the completion of the offering introduces uncertainty, which could signal potential volatility or risk in the company's financial outlook.
- The highlighting of forward-looking statements with associated risks and uncertainties may raise concerns among investors about the company's future performance and stability in the advertising sector.
FAQ
What is Lamar Advertising Company planning to raise funds for?
Lamar Advertising Company is seeking to raise approximately $400 million to repay existing indebtedness under its credit facility and Accounts Receivable Securitization Program.
Who is issuing the senior notes for this fundraise?
The senior notes will be issued by Lamar Media Corp., a wholly owned subsidiary of Lamar Advertising Company.
Who will guarantee the senior notes?
The senior notes will be guaranteed on a senior unsecured basis by substantially all of Lamar Media's domestic subsidiaries.
What are the conditions for the completion of the offering?
The completion of the proposed offering depends on several factors, including market conditions.
Are the notes registered under the Securities Act?
No, the notes and related guarantees are not registered under the Securities Act and are offered only to qualified institutional buyers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LAMR Insider Trading Activity
$LAMR insiders have traded $LAMR stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $LAMR stock by insiders over the last 6 months:
- JAY LECORYELLE JOHNSON (CFO, Treasurer, EVP) has made 0 purchases and 3 sales selling 22,000 shares for an estimated $2,734,268.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LAMR Hedge Fund Activity
We have seen 343 institutional investors add shares of $LAMR stock to their portfolio, and 299 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- COHEN & STEERS, INC. removed 1,205,618 shares (-29.1%) from their portfolio in Q2 2025, for an estimated $146,313,800
- BERKSHIRE HATHAWAY INC added 1,169,507 shares (+inf%) to their portfolio in Q2 2025, for an estimated $141,931,369
- AQR CAPITAL MANAGEMENT LLC added 816,217 shares (+123.8%) to their portfolio in Q2 2025, for an estimated $99,056,095
- GOLDMAN SACHS GROUP INC added 561,408 shares (+280.9%) to their portfolio in Q2 2025, for an estimated $68,132,474
- BLACKROCK, INC. removed 552,935 shares (-5.3%) from their portfolio in Q2 2025, for an estimated $67,104,191
- GEODE CAPITAL MANAGEMENT, LLC added 510,025 shares (+27.8%) to their portfolio in Q2 2025, for an estimated $61,896,634
- NORGES BANK added 487,505 shares (+103.7%) to their portfolio in Q2 2025, for an estimated $59,163,606
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$LAMR Analyst Ratings
Wall Street analysts have issued reports on $LAMR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Citigroup issued a "Buy" rating on 05/29/2025
To track analyst ratings and price targets for $LAMR, check out Quiver Quantitative's $LAMR forecast page.
$LAMR Price Targets
Multiple analysts have issued price targets for $LAMR recently. We have seen 4 analysts offer price targets for $LAMR in the last 6 months, with a median target of $128.5.
Here are some recent targets:
- Daniel Osley from Wells Fargo set a target price of $119.0 on 08/11/2025
- David Karnovsky from JP Morgan set a target price of $122.0 on 08/11/2025
- Benjamin Swinburne from Morgan Stanley set a target price of $135.0 on 08/04/2025
- Jason Bazinet from Citigroup set a target price of $135.0 on 05/29/2025
Full Release
BATON ROUGE, La., Sept. 22, 2025 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $400.0 million through an institutional private placement of senior notes (the “Notes”) by its wholly owned subsidiary, Lamar Media Corp. (“Lamar Media”). The Notes will be guaranteed on a senior unsecured basis by substantially all of Lamar Media’s domestic subsidiaries. The completion of the proposed offering depends upon several factors, including market conditions.
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 Kantrow
Director of Investor Relations
Lamar Advertising Company
(225) 926-1000
[email protected]
