Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

October 04, 2015 4:33 PM ET


Company Overview of Lamar Media Corp.

Company Overview

Lamar Media Corp., together with its subsidiaries, provides outdoor advertising services in the United States and Canada. It leases advertising space on billboards, such as bulletins, which are located on highways and target vehicular traffic; and digital billboards and posters located on traffic arteries and city streets, and target vehicular and pedestrian traffic. The company also leases advertising space on logo signs located near highway exits; and transit advertising space on the exterior and interior of public transportation vehicles, transit shelters, and benches. Its logo signs advertise nearby gas, food, camping, lodging, and other attractions; and directional signs direct vehicle ...

5321 Corporate Boulevard

Baton Rouge, LA 70808

United States

Founded in 1902

3,200 Employees



Key Executives for Lamar Media Corp.

Chairman, President, Chairman of Lamar Advertising Company and President of Lamar Advertising Company
Age: 60
Chief Financial Officer, Chief Accounting Officer, Treasurer, Controller and Director
Age: 62
Executive Vice President of Business Development, Director and Executive Vice President of Business Development of Lamar Advertising
Age: 54
Compensation as of Fiscal Year 2015.

Lamar Media Corp. Key Developments

Lamar Announces Commencement of Exchange Offer for 5 3/8% Senior Notes Due 2024

Lamar Media Corp. has commenced an offer to exchange all of its outstanding 5 3/8% Senior Notes due 2024, which are not registered under the Securities Act of 1933, as amended, for an equal principal amount of newly issued 5 3/8% Senior Notes due 2024 that have been registered under the Securities Act. The Exchange Notes are substantially identical to the Original Notes, except that the Exchange Notes have been registered under the Securities Act and will not bear any legend restricting their transfer. The Exchange Notes will be issued only upon cancellation of a like amount of currently outstanding Original Notes. Lamar Media will not receive any proceeds from the exchange offer. Lamar Media is making this exchange offer to satisfy its obligations under a registration rights agreement entered into when it issued the Original Notes. Any Original Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest, and Lamar Media will have no further obligation to provide for the registration of such notes under the Securities Act, except under certain limited circumstances. Pursuant to the terms of the exchange offer, Lamar Media will accept for exchange any and all Original Notes validly tendered and not withdrawn prior to 12:00 midnight, New York City time, on October 6, 2014, unless extended. Tenders of Original Notes may be withdrawn at any time prior to 12:00 midnight, New York City time, on the Expiration Date. There is no procedure for guaranteed late delivery of Original Notes. The terms of the exchange offer and other information relating to Lamar Media are set in a prospectus dated September 9, 2014. Copies of the prospectus and the related letter of transmittal may be obtained from The Bank of New York Mellon Trust Company, N.A., which is serving as the exchange agent for the exchange offer.

Lamar Media Corp. Redeems in Full All of its Outstanding $400 Million in Aggregate Principal Amount of 7 7/8% Senior Subordinated Notes Due 2018

On April 21, 2014, Lamar Media Corp. redeemed in full all of its outstanding $400 million in aggregate principal amount of 7 7/8% Senior Subordinated Notes due 2018 at a redemption price equal to 103.938 % of the aggregate principal amount of the notes, together with accrued and unpaid interest to (but not including) the redemption date. The total amount paid to redeem the notes was approximately $416.3 million, which was funded with a combination of $300 million in new term debt under its senior credit facility, borrowings under the revolving portion of its senior credit facility and cash on hand.

Lamar Media Corp. Enters into Amendment No. 1 to the Second Amended and Restated Credit Agreement

On April 18, 2014, Lamar Media Corp. entered into amendment no. 1 to the second amended and restated credit agreement with Lamar Advertising, certain of Lamar Media's subsidiaries as guarantors, JPMorgan Chase Bank, N.A. as administrative agent and the lenders named therein under which the parties agreed to amend Lamar Media's existing senior credit facility on the terms in the amendment. The amendment creates a new $300 million term a loan facility and certain other amendments to the senior credit agreement. The term a loans are not incremental loans and do not reduce the existing $500 million incremental loan facility. Lamar Media borrowed all $300 million in term a loans on April 18, 2014. The net loan proceeds, together with borrowings under the revolving portion of the senior credit facility and cash on hand, were used to fund the redemption of all $400 million in aggregate principal amount of Lamar Media's 7 7/8% Senior Subordinated Notes due 2018 on April 21, 2014. The term A loans mature on February 2, 2019 and will begin amortizing on June 30, 2014 in quarterly installments paid on such date and on each September 30, December 31, March 31 and June 30 thereafter. The term A Loans shall bear interest at rates based on the Adjusted LIBO rate or the adjusted base rate, at Lamar Media's option. Eurodollar term A loans shall bear interest at a rate per annum equal to the adjusted LIBO Rate plus 2.00% (or the adjusted LIBO rate plus 1.75% at any time the total debt ratio is less than or equal to 3.00 to 1). Base rate term A loans shall bear interest at a rate per annum equal to the adjusted base rate plus 1.00% (or the adjusted base rate plus 0.75% at any time the total debt ratio is less than or equal to 3.00 to 1). The guarantees, covenants, events of default and other terms of the Second amended and restated credit agreement apply to the term A loans.

Similar Private Companies By Industry

Company Name Region
T3i Group LLC United States
E. J. Stewart, Inc. United States
Dakota Communications, Ltd. United States
Power Music, Inc. United States
Newsmax Media, Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Lamar Media Corp., please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at