04:49 PM EDT, 09/25/2025 (MT Newswires) -- Lamar Advertising ( LAMR ) said late Thursday it has refinanced $1.1 billion through its subsidiary, Lamar Media, strengthening its balance sheet and improving its liquidity.

Lamar said the refinancing includes the sale of $400 million of 5.375% senior notes due 2033. It plans to use the proceeds to repay its debt.

Lamar also said the deals, which are leverage neutral, will raise its liquidity to more than $800 million, while reducing its exposure to floating rates and extending its debt maturity profile.