NEW YORK – Global investment firm The Carlyle Group (NASDAQ: CG) today announced that it has provided a debt financing package for Adams Outdoor Advertising, one of the largest independent suppliers of premium out-of-home media. The Company, which owns and operates advertising assets in 12 core markets across the U.S., will […]
Insider wrote last week about Clear Channel and their announcement of a “shareholder rights plan” . Seeking Alpha and Reuters followed up with pieces on valuation problems with some recent bond offerings. Since March 24, the day after the Fed announced its unprecedented stimulus programs, 23 companies borrowed money in […]
In this weeks Podcast, part of the discussion centered around the potential for fraud in the Payroll Protection loan program. Ken Klein passed along this news article as a followup to that discussion. Law 360 posted this week that a Texas man fraudulently tried to score over $5 million in […]
Clear Channel Outdoor announced a “shareholder rights plan” on May 19: SAN ANTONIO, May 19, 2020 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (CCO) (the “Company”) announced today that its board of directors (the “Board”) unanimously adopted a shareholder rights plan (the “Rights Plan”) to protect the interests of all Company […]
The SBA recently released their Paycheck Protection Program Loan Forgiveness Application. In many instances, the banking community will put this application online, but if you want to get a head start on understanding what will be required, you can review and download a copy of the forms here. Insider read […]
With PPP applications in and, hopefully, funds in the bank, Insider wanted to start turning to the subject of steps to take to maximize your businesses potential for debt forgiveness. We saw the following information from a community bank and wanted to pass along. Congratulations again on being approved […]
NEW YORK, May 13, 2020 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) today announced that two of its wholly-owned subsidiaries priced a private offering of $400.0 million in aggregate principal amount of 6.25% Senior Notes due 2025 (the “notes”). The notes are to be sold at an issue price of […]
Boston Omaha Corporation, the publicly traded (NASDAQ: BOMN) Parent Company of Link Media posted 1st quarter results. Since Link is only one of their three majority owned business sectors (outdoor advertising, surety insurance and broadband telecommunications services) Insider is providing results and comments related to Link Media from their 10Q […]
Yesterday Lamar announced it was issuing $400 million in privately placed senior notes. Here is an excerpt from the press release: Baton Rouge, LA — May 11, 2020 — Lamar Advertising Company (Nasdaq: LAMR) announced today that it is seeking to raise approximately $400.0 million through an institutional private placement of senior […]
OUTFRONT’s first quarter was OK but there’s stormy weather ahead. Here are the results from OUTFRONT’s 2020 first quarter earnings release and earnings presentation. Revenues increased by 3.5% to $385 million due primarily to an increase in billboard revenue. Billboard revenues increased by 9% due to increased yields and digital […]
