New York, January 07, 2016 -- Moody's Investors Service (Moody's) says Lamar Advertising Company's (Lamar) $459 million debt funded acquisition of outdoor assets from Clear Channel Outdoor Holdings, Inc. in 5 different markets will not impact the Ba2 corporate family rating (CFR). The acquisition was funded by a $160 million draw on its existing $400 million revolving credit facility and a temporary $300 million secured bridge facility (not rated by Moody's), but is expected to be refinanced with longer term financing in the near future. Depending on how the acquisition is financed on a long term basis, there is the potential for the existing ratings on the senior and subordinated notes to be negatively impacted, although the effect would likely be limited to a one notch downgrade if at all.

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