Lamar Advertising Co., a leading owner and operator of outdoor advertising and logo sign displays, announced today that its wholly owned subsidiary, Lamar Media Corp., intends to redeem in full all $122 million of its 6.625% senior subordinated notes due in 2015. Lamar Media expects to redeem the notes on Aug. 29 at a redemption price equal to 101.104% of the principal amount of outstanding notes, plus accrued and unpaid interest to, but not including, the redemption rate, which will be due and payable on the redemption date upon surrender of the notes. A notice of redemption is being mailed to all registered holders of the notes by The Bank of New York Mellon Trust Company N.A., the trustee of the notes. To read more, click here.
Lamar to redeem senior subordinated notes
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