Baton Rouge, LA – February 6, 2020 – Lamar Advertising Company (“Lamar”) (Nasdaq: LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that it has completed $2.35 billion in refinancing transactions through its wholly owned subsidiary, Lamar Media Corp. (“Lamar Media”), strengthening its balance […]
Insider has updated the inflation and US out of home revenues table. Bookmark this when it’s time to negotiate a billboard lease cost of living increase with your landlord. Inflation has averaged 2.2% over the past twenty years. US Out of home revenue growth has averaged 3.1% over the past […]
JCDecaux released 2019 revenue figures last week. One more and one less. More total revenue. Total Revenue increased 1.3% in 4Q 2019 as an increase in street furniture revenue offset declines in transport and billboard revenue. Less Organic Revenue. Organic revenues, excluding acquisitions/divestitures and FX declined 1.5% during the fourth quarter […]
Kudos to Lamar Media as they should have finalized their Term B loan package with JP Morgan and Wells Fargo yesterday. Insider reported earlier this week that they should be seeing rates of 1.5% over LIBOR and now that is confirmed. Reuters stated yesterday that the interest coupon is among […]
This week Lamar refinanced its 5 3/8% notes with 3 3/4% and 4% notes Here’s a table showing borrowing costs for the public out of home companies. Over the past year Lamar has cut borrowing costs by almost 200 basis points by a series of refinancings. The table shows that […]
Yesterday, Insider had an article on Lamar Advertising’s announcement of a proposed private placement offering of approximately $1.0 billion of one or more series of senior notes. An additionally filed SEC disclosure provides more detail related to Lamar’s presentation to potential lenders, which expands on their notice from yesterday. The […]
Today’s podcast guest is Steve Haggard, President and CEO of Metro Phoenix Bank. He talks about making loans of $1-10 million to out of home advertising companies. Talk about Metro Phoenix Bank We are active with outdoor advertising media lending. We have actually been involved with that asset class […]
BATON ROUGE, La., Jan. 21, 2020 (GLOBE NEWSWIRE) — Lamar Advertising Company (LAMR) announced today that it intends to offer approximately $1.0 billion through an institutional private placement of one or more series of senior notes (the “Notes”) by its wholly owned subsidiary, Lamar Media Corp., subject to market conditions. […]
Seeking Alpha has run two pieces on billboard stocks this week. Outfront: A Long Term Investment Opportunity ran Monday . The financial analysis is shallow and simplistic but one sentence on OUTFRONT’s success at cross-selling transit and bulletins caught Insider’s eye: “According to the figures provided by Outfront Media, 86 […]
Earlier this week Red Star Outdoor purchased 8 Chicago out of home advertising structures from Total Outdoor. This week’s 8 structure sale to Red Star follows the sale of some Boston assets to American Tower (September 2019), certain Chicago structures to Outfront (September 2019), certain San Francisco faces to New […]
