Lamar to repay some bank debt with bond proceeds

By Sara Rosenberg

New York, Aug. 14 - Lamar Advertising Co. plans on repaying a portion of its credit facility debt using proceeds from a proposed $200 million senior subordinated note offering, according to a company news release.

The note offering is expected to be completed on Aug. 18.

Lamar is a Baton Rouge, La.-based outdoor advertising services company.

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