How OOH real estate firm Landmark Infrastructure is handling the pandemic crisis (Billboard Insider)
Insider’s take: The sale eliminates one-quarter or $119 million of Landmark’s $458 million of debt. Landmark’s debt/EBIDTA should decline from 6:1 to approximately 4.5:1, well below the company’s 8:1 debt covenant. Landmark is deemphasizing out of home leases and easements in favor of wireless development. […]
Thu, Jun 18, 2020 at 6:32 PM