OUTFRONT Media Prices $500M of 6% Senior Notes Due 2034
OUT•OUTFRONT Media priced $500 million of 6.000% senior unsecured notes due 2034 at 100% issue price, with closing scheduled for June 12, 2026. Net proceeds, combined with accounts receivable securitization borrowings and cash, will refinance and redeem all outstanding 5.000% senior notes due 2027, and cover interest, fees and redemption expenses.
1. Issuance of 6.000% Senior Notes
On June 3, two subsidiaries of OUTFRONT Media priced a private placement of $500 million aggregate principal amount of 6.000% senior unsecured notes due 2034 at an issue price of 100% of par, with closing expected on June 12, 2026, subject to customary conditions.
2. Use of Proceeds
OUTFRONT Media intends to use the net proceeds, combined with borrowings under its accounts receivable securitization facility and cash on hand, to redeem all outstanding 5.000% senior notes due 2027 and to pay accrued and unpaid interest, fees and expenses related to the notes offering and redemption.
3. Redemption of 2027 Notes
The redemption will retire the company’s 5.000% senior notes originally due in 2027, extinguishing that debt tranche and settling interest obligations up to, but excluding, the redemption date.
4. Guarantees and Placement
The new notes will be guaranteed on a senior unsecured basis by OUTFRONT Media Inc. and its direct and indirect subsidiaries that guarantee its senior credit facilities, and were offered in a private placement under Rule 144A and Regulation S to qualified institutional buyers and non-U.S. persons.
