Locke Lord Advises Lamar Advertising on Amendment to $175 Million Accounts Receivable Securitization Program and $400 Million High Yield Bond Transaction

A Locke Lord team advised Lamar Advertising on two unrelated transactions: an amendment to its $175 million accounts receivable securitization program that closed on May 6, 2020, which had the effect of substantially increasing liquidity under that facility, and a $400 million high yield bond transaction that closed on May 12, 2020. The Locke Lord team included George Ticknor, Christine McCay, John Whitlock, Katie Conlon, Megan Foscaldi, Tanya Embers and Tim Roberts (all of Boston), Michelle Earley (Austin), Will Becker (Dallas) and Jason Ulezalka (New York).
Posted on May 13, 2020