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Latest OUT News From Around the Web
Below are the latest news stories about OUTFRONT Media Inc that investors may wish to consider to help them evaluate OUT as an investment opportunity.
OUTFRONT Media Inc. (NYSE: OUT) earned six awards during the 78th annual OBIE Awards on May 20 for billboard campaigns designed by its in-house creative team, OUTFRONT STUDIOS. Each year, The Out Of Home Advertising Association of America (OAAA) presents the OBIE Awards, which honors the finest in out of home advertising design. Ahead of this year's virtual award show, OUTFRONT STUDIOS had 16 finalists and, by the end of the event, received more wins than any other creative agency. The winning campaigns were chosen from several different categories, in various industry sectors including Automotive, Entertainment, and more. More than 50 creative agencies and brands across the country submitted their work, which were judged by seven prominent industry leaders.
Outfront Media (OUT) intends to use funds raised from its senior notes offering to reduce outstanding balances under the company's revolving credit line.
OUTFRONT Media Inc. (NYSE: OUT) today announced that two of its wholly-owned subsidiaries priced a private offering of $400.0 million in aggregate principal amount of 6.25% Senior Notes due 2025 (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 May 15, 2020, subject to customary closing conditions.
OUTFRONT Media Capital LLC -- Moody's assigns B2 rating to OUTFRONT Media's proposed senior unsecured notes
Moody's Investors Service (Moody's) assigned a B2 rating to the proposed $400 million senior unsecured note due 2025 of OUTFRONT Media Capital LLC, a subsidiary of OUTFRONT Media Inc. (OUTFRONT). The B1 corporate family rating (CFR) of OUTFRONT, the Ba1 senior secured rating and the existing B2 senior unsecured notes rating issued by the subsidiary remains unchanged.
Outfront Media (OUT) registers growth in average revenue per display and revenues from digital-billboard conversions in Q1 but sees a fall in operating income.
Moody's Investors Service (Moody's) downgraded OUTFRONT Media Inc.'s (OUTFRONT) corporate family rating (CFR) to B1 from Ba3 and the Probability of Default Rating (PDR) to B1-PD from Ba3-PD. In addition, Moody's downgraded the senior unsecured note rating issued by OUTFRONT's subsidiary to B2 from B1 and affirmed the senior secured debt rating at Ba1.
NEW YORK, May 8, 2020 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) today reported results for the quarter ended March 31, 2020. "Positive momentum in 2019 carried into the first quarter of 2020, despite the impact from the COVID-19 pandemic on our business during March," said Jeremy…
Q1 2020 OUTFRONT Media Inc Earnings Call
Outfront Media (OUT) delivered FFO and revenue surprises of 15.17% and 2.89%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
OUTFRONT Media Chief Executive Officer Jeremy Male to Participate in the J.P. Morgan Global Technology, Media and Communications Conference
OUTFRONT Media Inc. (NYSE: OUT) announced today that Jeremy Male, Chairman & Chief Executive Officer, is scheduled to present at the 48th Annual J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 13, 2020 at 11:50 a.m. Eastern Time. A live and replay audio webcast will be available on the investor relations section of the Company's website at www.OUTFRONTmedia.com.