Item 8.01. Other Events.
On February 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 of Lamar Advertising's Annual
Report on Form
10-K
for the year ended December 31, 2018, as supplemented by any risk factors
contained in Lamar 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 of Lamar Advertising Company dated February 6,
                 2020

   104           Cover Page Interactive Data File - (embedded within the Inline XBRL
                 document)

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