SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
DECEMBER 13, 2002
LAMAR MEDIA CORP.
(Exact name of registrant as specified in its charter)
DELAWARE 0-20833 72-1205791
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
5551 CORPORATE BOULEVARD, BATON ROUTE, LOUISIANA 70808
(Address of principal executive offices and zip code)
(225) 926-1000
(Registrant's telephone number, including area code)
CO-REGISTRANT
Exact name of registrant as specified in State or other jurisdiction of IRS Employer
its charter incorporation Identification No.
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LAMAR ADVERTISING COMPANY DELAWARE 72-1449411
ITEM 5. OTHER EVENTS.
Lamar Media Corp. has announced that it intends to offer $260 million in
senior subordinated notes in a private placement, subject to market and other
conditions. The net proceeds of the offering will be used, together with
available cash, to redeem all of the outstanding $255 million principal amount
of Lamar Media's 9 5/8% Senior Subordinated Notes due 2006.
Filed herewith as Exhibit 99.1 is a copy of a press release that was
issued today describing the anticipated offering.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Press release issued by the registrant on December 13, 2002.
ITEM 9. REGULATION FD DISCLOSURE.
In connection with the offering referenced in Item 5 above, the Company is
informing investors that it is in the process of replacing its existing bank
credit facility. It is expected that the new bank credit facility will be
comprised of a $300 million revolving bank credit facility and a $1 billion
term facility and will be completed in the early part of 2003.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: December 13, 2002 LAMAR ADVERTISING COMPANY
By: /s/ Keith Istre
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Keith Istre
Chief Financial Officer
Date: December 13, 2002 LAMAR MEDIA CORP.
By: /s/ Keith Istre
-----------------------------
Keith Istre
Chief Financial Officer
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