Do the numbers hold clues to what lies ahead for the stock?Outfront Media Inc. (REIT) 2020 Q2 - Results - Earnings Call PresentationOUTFRONT Media's Canadian Business Selects Vistar Media As A Programmatic Supply-Side PlatformOutfront Media: Undervalued And Positioned To Weather The CrisisDividend Cuts And Overdue Rent: Previewing REIT Earnings SeasonClearBridge Select Strategy Portfolio Manager Commentary Q2 2020J.P.
The notes will be guaranteed on a senior unsecured basis by OUTFRONT Media Inc. and each of its direct and indirect subsidiaries that guarantees its senior credit facilities.The notes were offered and will be sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The notes are to be sold at an issue price of 100.0% of the principal amount. This presentation may also include certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP financial measures. If you experience any issues with this process, please contact us for further assistance.OUTFRONT Media Announces Pricing Of Senior Notes Offering Stock market looks like ‘hapless Wile E. Coyote, running off the edge of a cliff,’ says behavioral economist Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and may not be able to be realized. It’s a real testament to the power of OUTFRONT, that seeing this ad was the catalyst for the Red Sox to give me a call.” - Bill Raveis, William Raveis Chairman & CEO after becoming the Red Sox’s Official Relator.
OUTFRONT Media Inc. (NYSE: OUT) today announced that two of its wholly-owned subsidiaries priced a private offering of $500.0 million in aggregate principal amount of 4.625% Senior Notes due 2030 (the "notes"). “A single billboard designed to promote our commitment to the Boston market really became a billion dollar opportunity for us. All forward-looking statements in this press release apply as of the date of this press release or as of the date they were made and, except as required by applicable law, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors of new information, data or methods, future events or other changes.To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Outfront Media stock price target cut to $23 from $26 at Goldman Sachs Oct. 5, 2015 at 12:52 p.m. Here’s how they did The notes are to be sold at an issue price of 100.0% of the principal amount. The notes are to be sold at an issue price of 100.0% of the principal amount. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and may not be able to be realized. You can also identify forward-looking statements by discussions of strategy, plans or intentions related to our capital resources, portfolio performance and results of operations, including but not limited to the impact of the COVID-19 pandemic on our capital resources, portfolio performance and results of operations. OUTFRONT Media, Inc. engages in the business of providing leasing services of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America.
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The notes have not been, and will not be, registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any sale of the notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.OUTFRONT Media Inc. (the "Company," "we," "our" and "us") has made statements in this press release that are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995.
Find your best rate, in your market. A small subset of Vanguard investors moved entirely into cash when the market tumbled. The Company does not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: the severity and duration of the novel coronavirus (COVID-19) and any other pandemics, and the impact on our business, financial condition and results of operations; declines in advertising and general economic conditions, including declines caused by the COVID-19 pandemic; competition; government regulation; our ability to implement our digital display platform and deploy digital advertising displays to our transit franchise partners, including the impact of the COVID-19 pandemic; taxes, fees and registration requirements; our ability to obtain and renew key municipal contracts on favorable terms; decreased government compensation for the removal of lawful billboards; content-based restrictions on outdoor advertising; environmental, health and safety laws and regulations; seasonal variations; acquisitions and other strategic transactions that we may pursue could have a negative effect on our results of operations; dependence on our management team and other key employees; the ability of our board of directors to cause us to issue additional shares of stock without stockholder approval; certain provisions of Maryland law may limit the ability of a third party to acquire control of us; our rights and the rights of our stockholders to take action against our directors and officers are limited; our substantial indebtedness; restrictions in the agreements governing our indebtedness; incurrence of additional debt; interest rate risk exposure from our variable-rate indebtedness; our ability to generate cash to service our indebtedness; cash available for distributions; hedging transactions; diverse risks in our Canadian business; experiencing a cybersecurity incident; changes in regulations and consumer concerns regarding privacy, information security and data, or any failure or perceived failure to comply with these regulations or our internal policies; asset impairment charges for our long-lived assets and goodwill; our failure to remain qualified to be taxed as a real estate investment trust (“REIT”); REIT distribution requirements; availability of external sources of capital; we may face other tax liabilities even if we remain qualified to be taxed as a REIT; complying with REIT requirements may cause us to liquidate investments or forgo otherwise attractive opportunities; our ability to contribute certain contracts to a taxable REIT subsidiary (“TRS”); our planned use of TRSs may cause us to fail to remain qualified to be taxed as a REIT; REIT ownership limits; complying with REIT requirements may limit our ability to hedge effectively; failure to meet the REIT income tests as a result of receiving non-qualifying income; the Internal Revenue Service (the “IRS”) may deem the gains from sales of our outdoor advertising assets to be subject to a 100% prohibited transaction tax; establishing operating partnerships as part of our REIT structure; and other factors described in our filings with the Securities and Exchange Commission (the "SEC"), including but not limited to the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 26, 2020, and in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020, filed with the SEC on May 8, 2020.
The offering is expected to close on May 15, 2020, subject to customary closing conditions.OUTFRONT Media intends to use the net proceeds from the notes offering, together with cash on hand, to repay $400.0 million of outstanding borrowings under its revolving credit facility, and to pay fees and expenses in connection with the notes offering. Have Watchlists?
OUTFRONT Media Announces Pricing Of Senior Notes Offering.