Lamar Media’s US$535m drawn debt shows shift for cash in US leveraged loans [Reuters]
Lamar Advertising Company - Class A (LAMR)
Last lamar advertising company - class a earnings: 2/20 06:00 am
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Source: Reuters
Lamar Media’s US$535m drawn debt shows shift for cash in US leveraged loans NEW YORK, April 6 (LPC) - What a difference a month makes. Through the first week of March, US companies looking to slash borrowing costs rushed to the leveraged loan market to find yield-hungry investors willing to accept lower prices if only to have an opportunity to put money to work. That momentum quickly vanished, as the fast-spreading coronavirus battered financial markets and brought new syndicated transactions to a dramatic halt. Borrowers, wary of the virus’ impact on revenues and memories of banks’ 2008 liquidity crunch, soon moved from opportunistic debt reduction exercises to a dash-for-cash with companies across industries drawing on credit lines or signing new facilities in the last three weeks. Few other transactions better illustrate the shift among corporate borrowers than a decision from outdoor advertising firm Lamar Media. On Thursday, the company drew down US$535m from its revolving credit
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LAMR
News
- Lamar Advertising (NASDAQ: LAMR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Lamar Advertising Misses Q3 AFFO Estimates, Raises 2024 Guidance [Yahoo! Finance]Yahoo! Finance
- Lamar Advertising (NASDAQ: LAMR) had its price target lowered by analysts at Wells Fargo & Company from $132.00 to $124.00. They now have an "equal weight" rating on the stock.MarketBeat
- Lamar Advertising (NASDAQ: LAMR) had its price target raised by analysts at TD Cowen from $142.00 to $160.00. They now have a "buy" rating on the stock.MarketBeat
- Lamar Advertising (NASDAQ: LAMR) had its price target raised by analysts at Morgan Stanley from $125.00 to $135.00. They now have an "equal weight" rating on the stock.MarketBeat
LAMR
Earnings
- 11/8/24 - Miss
LAMR
Sec Filings
- 11/8/24 - Form 8-K
- 9/25/24 - Form 8-K
- LAMR's page on the SEC website