Lamar Media Raises $400M Through Senior Notes Offering to Reduce Debt

Lamar Advertising Company (Nasdaq: LAMR) announced that its subsidiary, Lamar Media Corp., is set to raise $400 million through a private placement of 5.375% senior notes due 2033. The offering, backed by guarantees from Lamar Media’s domestic subsidiaries, is expected to net approximately $393.5 million after fees and expenses.

The proceeds will be used to repay outstanding debt under Lamar Media’s revolving senior credit facility and Accounts Receivable Securitization Program, helping the company streamline its balance sheet ahead of market fluctuations. The offering is slated to close on or around September 25, 2025, subject to customary conditions.

“This move enhances Lamar Media’s financial flexibility while optimizing our capital structure,” the company noted in a statement. The senior notes will be offered exclusively to qualified institutional buyers under Rule 144A and to non-U.S. investors through offshore transactions under Regulation S.

The company emphasized that the press release is not an offer to sell securities and highlighted the usual market and regulatory risks that could affect execution and outcomes.

By tapping the debt markets through this structured offering, Lamar Media joins a growing number of media and advertising firms leveraging low-interest corporate debt to refinance existing obligations and support operational resilience.