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0.00216658642272517 0.00216658642272517 0.00722195474241705 0.0048146364949447 -0.000722195474241551 -0.00156475686085695 0.013480982185845 0.0525999037072702
Stock impact report

Lamar Media’s US$535m drawn debt shows shift for cash in US leveraged loans [Reuters]

Lamar Advertising Company - Class A (LAMR) 
Last lamar advertising company - class a earnings: 2/20 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: lamar.com/about/investors
Company Research Source: Reuters
Lamar Media’s US$535m drawn debt shows shift for cash in US leveraged loans NEW YORK, April 6 (LPC) - What a difference a month makes. Through the first week of March, US companies looking to slash borrowing costs rushed to the leveraged loan market to find yield-hungry investors willing to accept lower prices if only to have an opportunity to put money to work. That momentum quickly vanished, as the fast-spreading coronavirus battered financial markets and brought new syndicated transactions to a dramatic halt. Borrowers, wary of the virus’ impact on revenues and memories of banks’ 2008 liquidity crunch, soon moved from opportunistic debt reduction exercises to a dash-for-cash with companies across industries drawing on credit lines or signing new facilities in the last three weeks. Few other transactions better illustrate the shift among corporate borrowers than a decision from outdoor advertising firm Lamar Media. On Thursday, the company drew down US$535m from its revolving credit Show less Read more
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