OUTFRONT Media amends and extends $100 million receivables facility and enters into $75 million repo agreement with MUFG Bank
Client(s) OUTFRONT Media Inc.
Jones Day advised OUTFRONT Media Inc., a leading provider of advertising space on out-of-home advertising structures and sites across the United States, Canada, and Latin America, in connection with the amendment and extension of its $100 million receivables facility with MUFG Bank, Ltd. and entry into a $75 million repo agreement with MUFG Bank, Ltd. with respect to a subordinated note issued by the receivables facility SPV in favor of the originator under the accounts receivable facility.