NYSE:OUTSpecialized REITs
The Bull Case For OUTFRONT Media (OUT) Could Change Following New Debt Refi And Equity Shelf Filing
OUTFRONT Media Inc. recently completed a US$500.0 million private offering of 6.000% senior notes due 2034 and filed a US$105.44 million shelf registration for 3,373,000 common shares tied to an ESOP-related offering, both aimed at past balance sheet management and funding flexibility.
Together, the refinancing of its 5.000% senior notes due 2027 and the new equity shelf expand OUTFRONT Media’s financial options to support its ongoing digital billboard and transit investments.
We’ll now...