Lamar Advertising extends receivables securitization program maturity to Oct. 1, 2029 under PNC-led amendment
LAMR•Lamar Advertising amended its accounts receivable securitization program, extending its maturity to Oct. 1, 2029. The eighth amendment also adds flexibility to eligibility for certain receivables.
1. Amendment details
Lamar Advertising amended its receivables financing agreement, extending the securitization program’s maturity to Oct. 1, 2029. The changes add flexibility to eligibility for certain receivables; PNC Bank remains administrative agent, structuring agent, sustainability agent and a lender.
