OUTFRONT Media Inc. (NYSE:OUT) Files An 8-K Other EventsItem 8.01 Other Events.
On December18, 2017, OUTFRONT Media Inc. (the “Company”) filed with the Securities and Exchange Commission (the “SEC”) a prospectus supplement (the “Prospectus Supplement”) to the prospectus dated April15, 2016, which was included in the Company’s automatic shelf registration statement on Form S-3 (File No.333-210788). The Prospectus Supplement relates to the possible issuance, from time to time, of up to 1,953,407 shares of the Company’s common stock, par value $0.01 per share, in exchange for ClassA equity interests (the “ClassA Shares”) of Outfront Canada Holdco LLC, a subsidiary of the Company that controls its Canadian business, that may be tendered for redemption. The issuance of the ClassA Shares was previously disclosed in the Company’s Current Report on Form 8-K filed with the SEC on June14,2017.
Registration of shares of the Company’s common stock to the Prospectus Supplement does not necessarily mean that any of the holders of the ClassA Shares will exercise their redemption rights or that, upon any such redemption, the Company will elect, in its sole and absolute discretion, to issue shares of its common stock instead of paying a cash amount.
Item 8.01 Financial Statements and Exhibits.
| (d) | Exhibits. The following exhibits are filed herewith: |
|
Exhibit Number |
Description |
| 5.1 | Opinion of Venable LLP. |
| 8.1 | Opinion of Skadden, Arps, Slate, Meagher& Flom LLP regarding tax matters. |
| 23.1 | Consent of Venable LLP (included in Exhibit5.1). |
| 23.2 | Consent of Skadden, Arps, Slate, Meagher& Flom LLP (included in Exhibit8.1). |
EXHIBIT INDEX
OUTFRONT Media Inc. ExhibitEX-5.1 2 d485889dex51.htm EX-5.1 EX-5.1 Exhibit 5.1 December 18,…To view the full exhibit click here
About OUTFRONT Media Inc. (NYSE:OUT)
OUTFRONT Media Inc., formerly CBS Outdoor Americas Inc., is a provider of advertising space on out-of-home advertising structures and sites across the United States, Canada and Latin America. The Company’s inventory consists of billboard displays and transit advertising displays. It operates through two segments. The United States segment includes the Company’s operations in the United States. The International segment includes the Company’s operations in Canada and Latin America, including Mexico, Argentina, Brazil, Chile and Uruguay. Along with leasing displays, the Company provides other services to customers, such as pre-campaign category research, consumer insights, creative design support, vinyl production, and post-campaign tracking and analytics. Its locations portfolio includes sites, such as the Bay Bridge in San Francisco, various locations along Sunset Boulevard in Los Angeles, and various sites in and around both Grand Central Station and Times Square in New York.
