Cases & Deals

OUTFRONT Media amends and extends receivables and repurchase facilities

Clients OUTFRONT Media Inc.

Jones Day advised OUTFRONT Media Inc., one of the largest providers of advertising space on out-of-home advertising structures and sites in the United States and Canada, in connection with the amendment and extension of $125 million receivables facility with MUFG Bank, Ltd., which was amended to include receivables from both taxable (TRS) and qualified (QRS) REIT subsidiary originators and (ii) amendment and extension of $90 million repurchase facility with MUFG Bank, Ltd., as repurchase buyer, with respect to two subordinated notes respectively issued by TRS and QRS receivables facility SPV in favor of the applicable originator under the receivables facility.