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LAMR > SEC Filings for LAMR > Form 8-K on 25-Oct-2012All Recent SEC Filings

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Form 8-K for LAMAR ADVERTISING CO/NEW


25-Oct-2012

Regulation FD Disclosure, Other Events, Financial Statements and Exhibit


Item 7.01. Regulation FD Disclosure

On October 25, 2012, Lamar Advertising Company ("Lamar Advertising") announced a proposed institutional private placement of senior subordinated notes of Lamar Media Corp., its wholly owned subsidiary ("Lamar Media"). In connection with the proposed private placement, Lamar Media is disclosing the following information:

Acquisition of NextMedia Outdoor, Inc.

On October 24, 2012, Lamar Media entered into a stock purchase agreement with NextMedia Operating, Inc. to acquire all of the outstanding capital stock of NextMedia Outdoor, Inc. (the "Acquired Company") for $145 million in cash (the "Acquisition"). The closing of the Acquisition, which is subject to customary closing conditions, is expected on or about October 31, 2012. Lamar Media expects to use a portion of the proceeds of the private placement to finance the Acquisition. Although Lamar Media has entered into a definitive stock purchase agreement, there can be no guarantee that it will be able to successfully complete the Acquisition. Additionally, if Lamar Media does complete the Acquisition, there can be no assurance that it will be able to integrate the Acquired Company without encountering difficulties or that any such difficulties will not have an adverse effect on Lamar Media.



Item 8.01. Other Events.

Proposed Private Offering

On October 25, 2012, Lamar Advertising issued a press release announcing a proposed institutional private placement of senior subordinated notes by Lamar Media. The press release is attached hereto as Exhibit 99.1 and incorporated by reference herein in accordance with Rule 135c of the Securities Act of 1933, as amended.

******

This Current Report on Form 8-K contains forward-looking statements regarding the proposed private placement and the Acquisition. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those results indicated in the forward-looking statements include uncertainties relating to market conditions for corporate debt securities generally and for the securities of advertising companies and for Lamar Media in particular, as well as Lamar Media's ability to complete the Acquisition, which is subject to customary closing conditions. This Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy the senior subordinated notes.




Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit
No. Description
99.1 Press release of Lamar Advertising Company dated October 25, 2012.


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