UNITED STATES
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

LAMAR ADVERTISING COMPANY

LAMAR MEDIA CORP.

(Exact name of registrants as specified in their charters)

Delaware Delaware (States or other jurisdictions of incorporation)		0-30242 1-12407 (Commission File Numbers)		72-1449411 72-1205791 (IRS Employer Identification Nos.)

5551 Corporate Boulevard, Baton Rouge, Louisiana 70808
(Address of principal executive offices and zip code)

(225) 926-1000
(Registrants’ telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 8.01. Other Events.

On October 2, 2007, Lamar Advertising Company (the “Company”) issued a press release announcing that it has agreed to sell $275,000,000 aggregate principal amount ($260,887,000 gross proceeds) of 6⁵/8% Senior Subordinated Notes due 2015—Series C through an institutional private placement by its wholly owned subsidiary Lamar Media Corp. The Company had previously announced a proposed notes offering of $225,000,000 gross proceeds and the offering size was increased to $260,887,000 gross proceeds based on market demand. Subject to customary closing conditions, the closing of the offering is expected on or about October 11, 2007.

The press release is furnished as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein, in accordance with Rule 135c of the Securities Act of 1933, as amended.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

Exhibit
No.		Description
99.1		Press Release of Lamar Advertising Company, dated October 2, 2007, announcing the pricing of its private placement of senior subordinated notes of Lamar Media Corp.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

EXHIBIT INDEX

Exhibit
No.		Description
99.1		Press Release of Lamar Advertising Company, dated October 2, 2007, announcing the pricing of its private placement of senior subordinated notes of Lamar Media Corp.

Lamar Advertising Company Prices
Private Offering of Senior Subordinated Notes

Baton Rouge, LA — Tuesday, October 2, 2007 — Lamar Advertising Company (Nasdaq: LAMR) announced today that it has agreed to sell $275,000,000 aggregate principal amount ($260,887,000 gross proceeds) of 6 ⁵/8% Senior Subordinated Notes due 2015—Series C through an institutional private placement by its wholly owned subsidiary Lamar Media Corp. The company had previously announced a proposed notes offering of $225,000,000 gross proceeds and the offering size was increased to $260,887,000 gross proceeds based on market demand. The net proceeds to Lamar Media of this offering are expected to be approximately $256,700,000. Lamar Media intends to use the net proceeds of this offering to repay outstanding indebtedness under its revolving bank credit facility and for working capital and other corporate purposes. Subject to customary closing conditions, the closing of the offering is expected on or about October 11, 2007.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the notes.

The notes subject to the private placement have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to non-U.S. persons in offshore transactions in reliance on Regulation S. Unless so registered, the notes may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from registration requirements of the Securities Act and applicable state securities laws.

Forward Looking Statements

This press release contains forward-looking statements regarding Lamar Media’s ability to complete this private placement and its application of net proceeds. These forward-looking statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those results indicated in the forward-looking statements include uncertainties relating to market conditions for corporate debt securities generally and for the securities of advertising companies and for Lamar Media in particular.

Contact:

Lamar Advertising Company
Keith Istre
Chief Financial Officer
(225) 926-1000
KI@lamar.com