• Senior Debt at OUTFRONT, Lamar, Clear Channel and Link Media

    This week OUTFRONT Media issued $500 million of 4.625% senior notes to retire $450 million of 5.875% notes.

    Insider thought you might want to see how this note issue stacks up with the senior debt of the other public out of home companies.  As you can see from the debt table Clear Channel Outdoor has the most expensive debt because its leverage is well above Lamar or OUTFRONT.  The higher priced debt also tends to have a longer maturity.  Receivables based facilities and 1-2 year revolvers are the cheapest debt.

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