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Lamar Advertising to redeem $650 million 5¾% senior notes due 2026
By Taylor Fox
New York, Jan. 7 – Lamar Advertising Co. plans to redeem all of its outstanding $650 million 5¾% senior notes due 2026, according to a news release.
The notes will be redeemed using the proceeds of Lamar Media Corp.’s $550 million senior notes offering, together with cash on hand, borrowings under its senior secured revolving credit facility and accounts receivable securitization program.
Lamar Advertising is a Baton Rouge, La.-based outdoor advertising company.
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