Lamar Media Corp., founded in 2000 and headquartered in Baton Rouge, Louisiana, is a prominent outdoor advertising company specializing in billboards and digital displays. The company aims to provide effective advertising solutions for businesses seeking increased visibility and consumer engagement across various locations.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Lamar Media Corp. first began issuing bonds in 2013 to support its expansion efforts and enhance its advertising infrastructure. One notable issuance occurred in 2018, where they raised $400 million in 10-year notes, which were well-received due to the company's strong market position and reliable cash flow generation. Currently, Lamar's bonds yield approximately 4.5%, competitive within the advertising sector, and they possess features such as call options for early redemption. Recent news highlights their continued commitment to sustainable practices, which may influence future bond offerings as investors increasingly seek environmentally responsible investments.