Lamar announces intent to raise $250M to help pay off loan

January 23, 2019

Contemporary Design — **Lamar Advertising, which has called Baton Rouge home for more than 100 years, is the nation’s largest outside advertising company.** (Tim Mueller)

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Lamar Advertising Company intends to raise roughly $250 million through private offerings to help pay off a $300 million loan it took out in 2016 for an acquisition, the company announced this morning. Through its subsidiary Lamar Media Corp., Lamar issued $400 million in senior notes, essentially bonds, with a fixed 5.75% interest rate in

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