Item 1.01. Entry into a Material Definitive Agreement.




On July 2, 2021, Lamar Advertising Company's (the "Company") direct wholly owned
subsidiary Lamar Media Corp. ("Lamar Media") entered into the Amendment No. 1,
dated as of July 2, 2021 (the "Amendment"), to the Fourth Amended and Restated
Credit Agreement dated February 6, 2020, by and among Lamar Media, as Borrower,
the Company, Lamar Media's subsidiary guarantors party thereto, JPMorgan Chase
Bank, N.A., as Administrative Agent and certain lenders from time to time party
thereto (such agreement, as amended, the "Credit Agreement"). Capitalized terms
not defined herein shall have the meanings set forth in the Credit Agreement.
The Amendment amends the definition of "Subsidiary" to exclude each of Lamar
Partnering Sponsor LLC and Lamar Partnering Corporation and any of their
subsidiaries (collectively, the "Lamar Partnering Entities") such that, after
the giving effect to the Amendment, none of the Lamar Partnering Entities are
subject to the Credit Agreement covenants and reporting requirements, but any
investment by Lamar Media in any of the Lamar Partnering Entities would be
subject to the Credit Agreement covenants. The Amendment also amends the
definition of "EBITDA" to replace the existing calculation with a net
income-based calculation, which excludes the income of
non-Subsidiary
entities such as the Lamar Partnering Entities, except to the extent that income
of such entities is received by Lamar Media in the form of dividends or
distributions.
The Administrative Agent, the lenders under the Credit Agreement and each of
their respective affiliates perform various financial advisory, investment
banking and commercial banking services from time to time for Lamar Media and
its affiliates, for which they receive customary fees.
The description above is qualified in its entirety by the Amendment filed as
Exhibit 10.1 to this Current Report on Form
8-K
and incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an


           Off-Balance
           Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.




(d) Exhibits

Exhibit
  No.                                    Description

10.1          First Amendment to the Fourth Amended and Restated Credit Agreement,
            dated as of July 2, 2021, among Lamar Media, the Company, Lamar
            Media's subsidiary guarantors party thereto, JPMorgan Chase Bank, N.A.
            and certain lenders party thereto.

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

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