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Lamar Advertising Co/New, et al. – ‘10-K’ for 12/31/13 – ‘EX-10.F.14’

On:  Thursday, 2/27/14, at 3:39pm ET   ·   For:  12/31/13   ·   Accession #:  1193125-14-72774   ·   File #s:  0-30242, 1-12407

Previous ‘10-K’:  ‘10-K’ on 2/28/13 for 12/31/12   ·   Next:  ‘10-K’ on 2/26/15 for 12/31/14   ·   Latest:  ‘10-K’ on 2/23/24 for 12/31/23   ·   7 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/27/14  Lamar Advertising Co/New          10-K       12/31/13  107:9.3M                                   Donnelley … Solutions/FA
          Lamar Media Corp/DE

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    976K 
 2: EX-10.D.3   Material Contract                                   HTML     29K 
 3: EX-10.F.11  Material Contract                                   HTML     37K 
 4: EX-10.F.12  Material Contract                                   HTML     41K 
 5: EX-10.F.13  Material Contract                                   HTML     42K 
 6: EX-10.F.14  Material Contract                                   HTML     43K 
 7: EX-10.F.15  Material Contract                                   HTML     43K 
11: EX-21.A     Subsidiaries List                                   HTML     38K 
12: EX-23.A     Consent of Experts or Counsel                       HTML     31K 
 8: EX-11.A     Statement re: Computation of Earnings Per Share     HTML     38K 
 9: EX-12.A     Statement re: Computation of Ratios                 HTML     41K 
10: EX-12.B     Statement re: Computation of Ratios                 HTML     41K 
13: EX-31.A     Certification -- §302 - SOA'02                      HTML     34K 
14: EX-31.B     Certification -- §302 - SOA'02                      HTML     34K 
15: EX-32.A     Certification -- §906 - SOA'02                      HTML     33K 
76: R1          Document and Entity Information                     HTML     63K 
63: R2          Consolidated Balance Sheets                         HTML    148K 
74: R3          Consolidated Balance Sheets (Parenthetical)         HTML     68K 
79: R4          Consolidated Statements of Operations and           HTML    120K 
                Comprehensive Income                                             
98: R5          Consolidated Statements of Stockholders' Equity     HTML     88K 
65: R6          Consolidated Statements of Stockholders' Equity     HTML     39K 
                (Parenthetical)                                                  
73: R7          Consolidated Statements of Cash Flows               HTML    162K 
58: R8          Significant Accounting Policies                     HTML     57K 
48: R9          Acquisitions                                        HTML     57K 
99: R10         Non-cash Financing and Investing Activities         HTML     34K 
81: R11         Property, Plant and Equipment                       HTML     38K 
80: R12         Goodwill and Other Intangible Assets                HTML     66K 
86: R13         Leases                                              HTML     37K 
87: R14         Accrued Expenses                                    HTML     40K 
84: R15         Long-term Debt                                      HTML     79K 
88: R16         Asset Retirement Obligation                         HTML     37K 
75: R17         Depreciation and Amortization                       HTML     37K 
77: R18         Income Taxes                                        HTML    154K 
83: R19         Related Party Transactions                          HTML     37K 
107: R20         Stockholders' Equity                                HTML     41K  
94: R21         Stock Compensation Plans                            HTML     56K 
69: R22         Benefit Plans                                       HTML     36K 
82: R23         Commitment and Contingencies                        HTML     33K 
71: R24         Summarized Financial Information of Subsidiaries    HTML     33K 
38: R25         Fair Value of Financial Instruments                 HTML     36K 
95: R26         Quarterly Financial Data (Unaudited)                HTML     71K 
103: R27         Subsequent Events                                   HTML     34K  
53: R28         Schedule II - Valuation and Qualifying Accounts     HTML     57K 
52: R29         Significant Accounting Policies (Policies)          HTML    110K 
56: R30         Significant Accounting Policies (Tables)            HTML     34K 
57: R31         Acquisitions (Tables)                               HTML     49K 
59: R32         Property, Plant and Equipment (Tables)              HTML     37K 
30: R33         Goodwill and Other Intangible Assets (Tables)       HTML     66K 
92: R34         Leases (Tables)                                     HTML     34K 
67: R35         Accrued Expenses (Tables)                           HTML     38K 
70: R36         Long-term Debt (Tables)                             HTML     68K 
42: R37         Asset Retirement Obligation (Tables)                HTML     37K 
106: R38         Depreciation and Amortization (Tables)              HTML     37K  
22: R39         Income Taxes (Tables)                               HTML    147K 
60: R40         Stock Compensation Plans (Tables)                   HTML     50K 
97: R41         Quarterly Financial Data (Unaudited) (Tables)       HTML     69K 
40: R42         Significant Accounting Policies - Additional        HTML     63K 
                Information (Detail)                                             
51: R43         Significant Accounting Policies - Revenue and       HTML     36K 
                Expense Recognized for Advertising Barter                        
                Transactions (Detail)                                            
55: R44         Acquisitions - Additional Information (Detail)      HTML     56K 
64: R45         Acquisitions - Summary of Preliminary Allocation    HTML     49K 
                of Acquisition Costs (Detail)                                    
29: R46         Acquisitions - Summary of Unaudited Pro Forma       HTML     39K 
                Financial Information (Detail)                                   
47: R47         Non-cash Financing and Investing Activities -       HTML     42K 
                Additional Information (Detail)                                  
24: R48         Property, Plant and Equipment - Summary of Major    HTML     39K 
                Categories of Property, Plant and Equipment                      
                (Detail)                                                         
96: R49         Goodwill and Other Intangible Assets - Summary of   HTML     54K 
                Intangible Assets (Detail)                                       
39: R50         Goodwill and Other Intangible Assets - Summary of   HTML     42K 
                Changes in Gross Carrying Amount of Goodwill                     
                (Detail)                                                         
93: R51         Goodwill and Other Intangible Assets - Additional   HTML     33K 
                Information (Detail)                                             
43: R52         Goodwill and Other Intangible Assets - Summary of   HTML     46K 
                Estimated Amortization Expense (Detail)                          
61: R53         Leases - Summary of Minimum Annual Rental Payments  HTML     46K 
                (Detail)                                                         
23: R54         Leases - Additional Information (Detail)            HTML     32K 
27: R55         Accrued Expenses - Summary of Accrued Expenses      HTML     51K 
                (Detail)                                                         
54: R56         Long-term Debt - Long-Term Debt (Detail)            HTML     51K 
33: R57         Long-term Debt - Long-Term Debt (Parenthetical)     HTML     35K 
                (Detail)                                                         
100: R58         Long-term Debt - Summary of Long-Term Debt Matures  HTML     46K  
                (Detail)                                                         
66: R59         Long-term Debt - Additional Information (Detail)    HTML    113K 
85: R60         Long-term Debt - Remaining Quarterly Amortizations  HTML     64K 
                of Term Loan Facilities (Detail)                                 
45: R61         Long-term Debt - Remaining Quarterly Amortizations  HTML     40K 
                of Term Loan Facilities (Parenthetical) (Detail)                 
49: R62         Asset Retirement Obligation - Information Related   HTML     40K 
                to Asset Retirement Obligation (Detail)                          
91: R63         Depreciation and Amortization - Depreciation and    HTML     36K 
                Amortization Expense Excluded from Operating                     
                Expenses (Detail)                                                
89: R64         Income Taxes - Income Tax Expense (Benefit)         HTML     79K 
                (Detail)                                                         
68: R65         Income Taxes - Additional Information (Detail)      HTML     84K 
90: R66         Income Taxes - U.S. and Foreign Components of       HTML     40K 
                Earnings Before Income Taxes (Detail)                            
44: R67         Income Taxes - Schedule of Effective Income Tax     HTML     65K 
                Rate Reconciliation (Detail)                                     
72: R68         Income Taxes - Schedule of Effective Income Tax     HTML     53K 
                Rate Reconciliation (Parenthetical) (Detail)                     
102: R69         Income Taxes - Components of Deferred Taxes         HTML     98K  
                (Detail)                                                         
26: R70         Income Taxes - Reconciliation of Beginning and      HTML     48K 
                Ending Amount of Unrecognized Tax Benefits                       
                (Detail)                                                         
37: R71         Related Party Transactions - Additional             HTML     43K 
                Information (Detail)                                             
62: R72         Stockholders' Equity - Additional Information       HTML     50K 
                (Detail)                                                         
32: R73         Stock Compensation Plans - Additional Information   HTML     87K 
                (Detail)                                                         
105: R74         Stock Compensation Plans - Weighted Average Fair    HTML     41K  
                Value of Options Granted (Detail)                                
41: R75         Stock Compensation Plans - Stock Option             HTML     63K 
                Transactions Under Various Stock-Based Employee                  
                Compensation Plans (Detail)                                      
34: R76         Stock Compensation Plans - Summary of Espp Share    HTML     39K 
                Activity (Detail)                                                
36: R77         Benefit Plans - Additional Information (Detail)     HTML     60K 
28: R78         Summarized Financial Information of Subsidiaries -  HTML     44K 
                Additional Information (Detail)                                  
31: R79         Fair Value of Financial Instruments - Additional    HTML     37K 
                Information (Detail)                                             
78: R80         Quarterly Financial Data - Summary of Quarterly     HTML     66K 
                Financial Data (Detail)                                          
35: R81         Subsequent Events - Additional Information          HTML     49K 
                (Detail)                                                         
101: R82         Schedule II - Valuation and Qualifying Accounts     HTML     46K  
                (Detail)                                                         
104: XML         IDEA XML File -- Filing Summary                      XML    152K  
25: EXCEL       IDEA Workbook of Financial Reports                  XLSX    244K 
50: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   1.19M 
16: EX-101.INS  XBRL Instance -- lamr-20131231                       XML   2.34M 
18: EX-101.CAL  XBRL Calculations -- lamr-20131231_cal               XML    255K 
19: EX-101.DEF  XBRL Definitions -- lamr-20131231_def                XML   1.03M 
20: EX-101.LAB  XBRL Labels -- lamr-20131231_lab                     XML   1.58M 
21: EX-101.PRE  XBRL Presentations -- lamr-20131231_pre              XML   1.26M 
17: EX-101.SCH  XBRL Schema -- lamr-20131231                         XSD    241K 
46: ZIP         XBRL Zipped Folder -- 0001193125-14-072774-xbrl      Zip    221K 


‘EX-10.F.14’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  EX-10.F.14  

Exhibit 10(f)(14)

JOINDER AGREEMENT

JOINDER AGREEMENT dated as of December 5, 2013 by the undersigned, Lamar Investments, LLC, a Delaware limited liability company (the “Additional Subsidiary Guarantor”), in favor of JPMorgan Chase Bank, N.A., as administrative agent for the Lenders party to the Credit Agreement referred to below (in such capacity, together with its successors in such capacity, the “Administrative Agent”).

Lamar Media Corp., a Delaware corporation (the “Company”), the Subsidiary Borrower that may be or may become a party thereto (the “Subsidiary Borrower” and together with the Company, the “Borrowers”) and certain of its subsidiaries (collectively, the “Existing Subsidiary Guarantors” and, together with the Borrowers, the “Securing Parties”) are parties to a Credit Agreement dated April 28, 2010 (as amended and restated as of February 9, 2012, as further amended prior to the date hereof and as the same may be further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), providing, subject to the terms and conditions thereof, for extensions of credit (by means of loans and letters of credit) to be made by the Lenders therein (collectively, together with any entity that becomes a “Lender” party to the Credit Agreement after the date hereof as provided therein, the “Lenders” and, together with Administrative Agent and any successors or assigns of any of the foregoing, the “Secured Parties”) to the Company in an aggregate principal or face amount not exceeding $1,225,000,000 (which, in the circumstances contemplated by Section 2.01(c) thereof, may be increased to $1,725,000,000 and made available to the Company and the Subsidiary Borrower). In addition, the Borrowers may from time to time be obligated to one or more of the Lenders under the Credit Agreement in respect of Swap Agreements under and as defined in the Credit Agreement (collectively, the “Swap Agreements”).

In connection with the Credit Agreement, the Borrowers, the Existing Subsidiary Guarantors and the Administrative Agent are parties to the Pledge Agreement dated April 28, 2010 (the “Pledge Agreement”) pursuant to which the Securing Parties have, inter alia, granted a security interest in the Collateral (as defined in the Pledge Agreement) as collateral security for the Secured Obligations (as so defined). Terms defined in the Pledge Agreement are used herein as defined therein.

To induce the Secured Parties to enter into the Credit Agreement, and to extend credit thereunder and to extend credit to the Borrower under Swap Agreements, and for other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Additional Subsidiary Guarantor has agreed to become a party to the Credit Agreement and the Pledge Agreement as a “Subsidiary Guarantor” thereunder, and to pledge and grant a security interest in the Collateral (as defined in the Pledge Agreement).

 

1


Accordingly, the parties hereto agree as follows:

Section 1. Definitions. Terms defined in the Credit Agreement are used herein as defined therein.

Section 2. Joinder to Agreements. Effective upon the execution and delivery hereof, the Additional Subsidiary Guarantor hereby agrees that it shall become a “Subsidiary Guarantor” under and for all purposes of the Credit Agreement and the Pledge Agreement with all the rights and obligations of a Subsidiary Guarantor thereunder. Without limiting the generality of the foregoing, the Additional Subsidiary Guarantor hereby:

(i) jointly and severally with the other Subsidiary Guarantors party to the Credit Agreement guarantees to each Secured Party and their respective successors and assigns the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise) of all Guaranteed Obligations in the same manner and to the same extent as is provided in Article III of the Credit Agreement;

(ii) pledges and grants the security interests in all right, title and interest of the Additional Subsidiary Guarantor in all Collateral (as defined in the Pledge Agreement) that it now owns or hereafter acquires and whether now existing or hereafter coming into existence provided for by Article III of the Pledge Agreement as collateral security for the Secured Obligations and agrees that Annex 1 thereof shall be supplemented as provided in Appendix A hereto;

(iii) makes the representations and warranties set forth in Article IV of the Credit Agreement and in Article II of the Pledge Agreement, to the extent relating to the Additional Subsidiary Guarantor or to the Pledged Equity evidenced by the certificates, if any, identified in Appendix A hereto; and

(iv) submits to the jurisdiction of the courts, and waives jury trial, as provided in Sections 10.09 and 10.10 of the Credit Agreement.

The Additional Subsidiary Guarantor hereby instructs its counsel to deliver the opinions referred to in Section 6.10(c) of the Credit Agreement to the Secured Parties.

 

2


IN WITNESS WHEREOF, the Additional Subsidiary Guarantor has caused this Joinder Agreement to be duly executed and delivered as of the day and year first above written.

 

LAMAR Investments, LLC, a Delaware
limited liability company
By:   Lamar TRS Holdings, LLC, its sole Managing
  Member
  By:   Lamar Media Corp., its sole Managing
    Member
    By:  

/s/ Keith A. Istre

      Keith A. Istre, Executive Vice-
      President/ Chief Financial
      Officer

 

Attest:
By:  

/s/ James R. McIlwain

  James R. McIlwain, Secretary
Accepted and agreed:

JPMORGAN CHASE BANK, N.A.

as Administrative Agent

By:  

/s/ Goh Siew Tan

Title:   Vice President

 

3


The undersigned hereby respectively pledges and grants a security interest in the Pledged Equity that it owns evidenced by the certificates listed in Appendix A hereto and agrees that Annex 1 of the Pledge Agreement is hereby supplemented by adding thereto the information listed on Appendix A.

 

Lamar TRS Holdings, LLC, Issuee
By:   Lamar Media Corp., its sole Managing
  Member
  By:  

/s/ Keith A. Istre

    Keith A. Istre, Executive Vice-President/
    Chief Financial Officer

 

 

4


Supplement to Annex 1

Appendix A to Joinder Agreement

 

Pledgor

Ownership

   Issuer    No. of Units      Cert. No.      %  

Lamar TRS Holdings, LLC

   Lamar Investments, LLC      1,000         1         100   

 

5


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/27/148-K
For Period end:12/31/135,  ARS
12/5/13
2/9/128-K
4/28/108-K,  DEF 14A
 List all Filings 


7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/23/24  Lamar Advertising Co.             10-K       12/31/23  135:17M                                    Workiva Inc Wde… FA01/FA
 2/24/23  Lamar Advertising Co.             10-K       12/31/22  136:19M                                    Workiva Inc Wde… FA01/FA
 2/25/22  Lamar Advertising Co.             10-K       12/31/21  137:18M                                    Workiva Inc Wde… FA01/FA
 7/15/21  Lamar Media Corp./DE              S-48/27/21  125:25M                                    Donnelley … Solutions/FA
 2/26/21  Lamar Advertising Co.             10-K       12/31/20  120:31M                                    ActiveDisclosure/FA
 9/04/20  Lamar Media Corp./DE              S-49/04/20  131:30M                                    Donnelley … Solutions/FA
 7/29/14  SEC                               UPLOAD9/29/17    1:286K Lamar Media Corp./DE
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