OUTFRONT Media Inc. (NYSE: OUT) today 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.

About OUTFRONT Media Inc.

OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT is implementing digital technology that will fundamentally change the ways advertisers engage audiences on-the-go.