Lamar Advertising Co: amends receivables financing agreement to Oct 1, 2029

What happened Lamar Advertising Co’s direct wholly owned subsidiary Lamar Media Corp. and its indirect wholly owned SPEs, Lamar QRS Receivables, LLC and Lamar TRS Receivables, LLC, entered into the Eighth Amendment dated as of Oct 1, 2026 to the Receivables Financing Agreement dated Dec 18, 2018. The Amendment extends the maturity date of the accounts receivable securitization program to Oct 1, 2029 and provides additional flexibility for eligibility of certain receivables. The Amendment names PNC Bank, National Association as Administrative Agent and a lender, and PNC Capital Markets LLC as Structuring Agent and Sustainability Agent. The filing states the Administrative Agent and its affiliates perform various advisory and banking services for Lamar Media and are lenders under Lamar Media’s senior credit facility and receive customary fees.

Key details

• Amendment date: Oct 1, 2026; original Receivables Financing Agreement date: Dec 18, 2018.
• New maturity date for the Accounts Receivable Securitization Program: Oct 1, 2029.
• Parties: Lamar Media Corp. (initial servicer); Lamar QRS Receivables, LLC and Lamar TRS Receivables, LLC (borrowers); PNC Bank, National Association (Administrative Agent and lender); PNC Capital Markets LLC (Structuring Agent and Sustainability Agent).
• Amendment provides additional flexibility for eligibility of certain receivables; Administrative Agent and affiliates receive customary fees for services and lending.

Why it may matter The filing reports Item 1.01 (Entry into a Material Definitive Agreement) covering the Eighth Amendment to the Receivables Financing Agreement and Item 2.03 (Creation of a Direct Financial Obligation), with the information for Item 2.03 set forth in Item 1.01. This filing does not show why the insider traded or why the company acted.