Lamar Advertising Company
LAMR, a leading owner and operator of outdoor advertising and logo
sign displays, today announced that its wholly owned subsidiary, Lamar Media
Corp. ("Lamar Media"), intends to redeem an aggregate of $66,099,000 of 6 5/8%
senior subordinated notes consisting of (i) $36,099,000 of its 6 5/8% Senior
Subordinated Notes due 2015—Series B (CUSIP No. 513075AP6) (the "Series B
Notes") and (ii) $30,000,000 of its 6 5/8% Senior Subordinated Notes due
2015—Series C (CUSIP No. 513075AS0) (the "Series C Notes"). Following the
redemptions, there will be $71,188,000 in aggregate principal amount of Series
C Notes outstanding and no Series B Notes outstanding. The redemptions will be
made in accordance with the terms of the indentures governing the Series B
Notes and the Series C Notes, respectively, and the terms of the notices of
redemption.
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