OUTFRONT Media Announces Pricing of Senior Notes Offering

OUTFRONT Media, Offering

OUTFRONT Media Inc. announced that two of its wholly-owned subsidiaries priced a private offering of $650,000,000 in aggregate principal amount of 5.000% Senior Notes due 2027 (the “notes”). The notes are to be sold at an issue price of 100.0% of the principal amount. The offering is expected to close on June 14, 2019, subject to customary closing conditions.

OUTFRONT Media intends to use the net proceeds from the notes offering, together with cash on hand, to redeem all of its outstanding $550 million 5.250% Senior Notes due 2022, to pay accrued and unpaid interest on such outstanding notes, to pay fees and expenses in connection with the notes offering and redemption, and to partially repay amounts outstanding under its senior credit facilities and accounts receivable securitization facilities.

The notes will be guaranteed on a senior unsecured basis by OUTFRONT Media Inc. and each of its direct and indirect subsidiaries that guarantee its senior credit facilities.

The notes were offered and will be sold in a private placement to qualified institutional buyers in the United States 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 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.