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Prospect News home > News index > List of issuers O > Headlines for Outfront Media Capital LLC > News item
Published on 1/11/2021 in the Prospect News High Yield Daily.

Outfront Media driving by with $500 million eight-year senior notes; initial talk 4½%-4¾%

By Paul A. Harris

Portland, Ore., Jan. 11 – Outfront Media Capital LLC plans to price a $500 million offering of eight-year senior notes (B2/B+) in a Monday drive-by, according to market sources.

Initial guidance has the notes coming to yield 4½% to 4¾%.

J.P. Morgan Securities LLC is leading the sale.

The notes come with three years of call protection.

The New York-based outdoor advertising company plans to use the proceeds and cash from its balance sheet to repay its $500 million of senior notes due 2024.


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