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 intends to use the net proceeds from the notes offering, together with cash on hand, to repay $400.0 million of outstanding borrowings under its revolving credit facility, and to pay fees and expenses in connection with the notes offering. The notes will be guaranteed on a senior unsecured basis by OUTFRONT Media Inc. and each of its direct and indirect subsidiaries that guarantees its senior credit 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 technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.