 BATON ROUGE, La., Jan. 07, 2021 GLOBE NEWSWIRE -- Lamar Advertising Company Nasdaq: LAMR announced today that its wholly owned subsidiary, Lamar Media Corp. Lamar Media, has agreed to sell 550.0 million in aggregate principal amount of 3.625 Senior Notes due 2031 the Notes through an institutional private placement. The Notes will be guaranteed on a senior unsecured basis by substantially all of Lamar Medias domestic subsidiaries. The proceeds, after the payment of fees and expenses, to Lamar Media of this offering are expected to be approximately 542.5 million. Subject to customary closing conditions, the closing of this offering is expected on or about January 22, 2021. 