OUTFRONT Media Inc. — Capital/Financing Update 2016

Apr 1, 2016

8-K 1 a8-k.htm 8-K html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd" Document created using Wdesk 1 Copyright 2016 Workiva 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

________

FORM 8-K

________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 1, 2016

_______

OUTFRONT Media Inc.

(Exact name of registrant as specified in its charter)

________

Maryland	001-36367	46-4494703
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

405 Lexington Avenue, 17 th Floor New York, New York	10174
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (212) 297-6400

________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On April 1, 2016, OUTFRONT Media Inc. (the “Company”) completed the previously announced sale of all of its equity interests in certain of its subsidiaries (the “Transaction”), which hold all of the assets of the Company’s outdoor advertising business in Argentina, Brazil, Chile, Mexico and Uruguay, to certain subsidiaries of JCDecaux SA. In connection with the Transaction, the Company received $82.0 million in cash plus working capital, which is subject to post-closing adjustments.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

/s/ Donald R. Shassian
Name:	Donald R. Shassian
Title:	Executive Vice President and
	Chief Financial Officer

Date: April 1, 2016