BATON ROUGE, La., Oct. 9, 2012 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq:LAMR), a leading owner and operator of outdoor advertising and logo sign displays, today announced that its wholly owned subsidiary, Lamar Media Corp. ("Lamar Media"), intends to redeem an aggregate of $66,099,000 of 6 5/8% senior subordinated notes consisting of (i) $36,099,000 of its 6 5/8% Senior Subordinated Notes due 2015—Series B (CUSIP No. 513075AP6) (the "Series B Notes") and (ii) $30,000,000 of its 6 5/8% Senior Subordinated Notes due 2015—Series C (CUSIP No. 513075AS0) (the "Series C Notes"). Following the redemptions, there will be $71,188,000 in aggregate principal amount of Series C Notes outstanding and no Series B Notes outstanding. The redemptions will be made in accordance with the terms of the indentures governing the Series B Notes and the Series C Notes, respectively, and the terms of the notices of redemption.
Lamar Advertising Company Announces Redemption Of 6 5/8% Senior Subordinated Notes Due 2015
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.