Lamar Advertising Raises $250 million of 5.75% senior notes (Billboard Insider)
Insider’s take: Lamar funded the Fairway transaction with short-term borrowings under its revolving credit facility and its accounts receivable securitization program. Using long-term debt to reduce short-term borrowings frees room for Lamar to continue making acquisitions. Lamar and Outfront have a 200 basis point borrowing advantage over Clear Channel Outdoor as you can see in the table below. […]
Thu, Jan 24, 2019 at 4:04 PM