New Issue-Lamar Media Corp sells $350 mln in notes

March 20 (Reuters) - Lamar Media Corp, a unit of Lamar
Advertising Company (LAMR.O), on Friday sold $350 million of
five-year senior notes in the 144a private placement market,
said IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $250 million.

J.P. Morgan was the sole joint bookrunning manager for the
sale.
BORROWER: LAMAR MEDIA CORP.
AMT $350 MLN* COUPON 9.75 PCT MATURITY 4/1/2014
TYPE SR NOTES ISS PRICE 89.979 FIRST PAY 10/1/2009
MOODY'S Ba3 YIELD 12.5 PCT SETTLEMENT 3/27/2009
S&P BB-MINUS SPREAD 1,088 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS**
*$314.9265 MLN PROCEEDS
**35 PCT 3-YEAR EQUITY CALL AT 109.75