Item 8.01. Other Events. OnFebruary 6, 2020 ,Lamar Advertising Company ("Lamar Advertising ") issued a press release announcing it has completed$2.35 billion in refinancing transactions through its wholly owned subsidiary,Lamar Media Corp. The refinancing transactions consist of (i) the previously announced sale, through an institutional private placement, of$1.0 billion in aggregate principal amount of new senior notes consisting of$600.0 million in aggregate principal amount of 3 3/4% Senior Notes due 2028 and$400.0 million in aggregate principal amount of 4% Senior Notes due 2030 and (ii) an amended and restated credit facility, consisting of a 5-year,$750.0 million revolving credit facility (to replace its existing$550.0 million revolving credit facility) and a new 7-year,$600.0 million Term Loan B. In addition,Lamar Advertising announced that, subject to the approval of its Board of Directors, it expects to make regular quarterly distributions to stockholders in 2020 in an aggregate amount of$4.00 per share, a 4.2% increase over aggregate distributions paid in 2019 of$3.84 per share. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. * * * This Current Report on Form 8-K contains forward-looking statements , including the timing and amount of future distributions to stockholders. These forward-looking statements involve a number of risks and uncertainties, including those factors set forth in Item 1A ofLamar Advertising's Annual Report on Form 10-K for the year endedDecember 31, 2018 , as supplemented by any risk factors contained inLamar Advertising's Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. We caution investors not to place undue reliance on the forward-looking statements contained in this document. These statements speak only as of the date of this document, and we undertake no obligation to update or revise the statements, except as may be required by law. This Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any securities. Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release ofLamar Advertising Company datedFebruary 6, 2020 104 Cover Page Interactive Data File - (embedded within the Inline XBRL document)
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