Lamar Advertising Company Announces Issuance of $500M of 5 7/8% Senior Subordinated Notes Due 2022

Lamar Advertising Company

, a leading owner and operator of outdoor advertising and logo sign displays, announced today that its wholly owned subsidiary, Lamar Media Corp., has closed its private placement of $500 million in aggregate principal amount of its 5 7/8% Senior Subordinated Notes due 2022. The proceeds of this offering to Lamar Media, after the payment of fees and expenses, were approximately $489 million.