Moorgate Capital Partners produces an outstanding quarterly report on the out of home advertising industry. Here are some charts from the report which caught Billboard Insider’s eye. Public Company M&A Activity is down. Lamar, OUTFRONT and Clear Channel Outdoor have done only $45 million in acquisitions during the first half […]
Here are two tables, prepared by Moorgate Capital Partners, which calculate the weighted average cost of debt and leverage (net debt/adjusted cashflow) for the public out of home companies as of December 2023. Some observations: No surprise that the cost of debt goes up as leverage goes up. Clear Channel […]
SAN JUAN, Puerto Rico – Out of Home Media, LLC (“OOHM” or the “Company”), the 2nd largest out-of-home advertising operator in Puerto Rico, announced that the Company has been acquired by Hello Media, LLC (“Hello Media”). OOHM’s operations included 94 advertising displays, including 70 digital displays, predominantly located in the […]
Moorgate Capital Partners has compiled an interesting table showing the public OOH company M&A activity from 2019 to 2023. Some Billboard Insider observations. Acquisitions have slowed dramatically at the public out of home companies. They closed only $163 million in acquisitions during the first 9 months of 2023, down from […]
Moorgate Capital Partners has analyzed out of home leverage and cost of debt trends thru September 2023. Some chart’s in Moorgate’s report caught Billboard Insider’s eye. Weighted average debt costs have increased at the public out of home companies over the past two years although the rise has slowed during […]
Moorgate Capital Partners has analyzed out of home leverage and cost of debt trends thru March 2023. The weighted average interest rate on public out of home debt has risen by approximately 1.5% over the last year due to Federal Reserve interest rate increases. Lamar Advertising has the lowest weighted […]
Moorgate Capital Partners has prepared an analysis of the Cost of Debt and Leverage (Net Debt/Adjusted EBIDTA) for the three public US Out of home companies. Clear Channel Outdoor has the highest leverage and the highest cost of debt. Lamar has the lowest leverage and lowest cost of debt. The […]
