Deal Details
Follow-On Offering
Summary
Baird served as a bookrunner on this offering.
About
Landmark Infrastructure Partners LP (“Landmark Partners” or the “Partnership”) (NASDAQ: LMRK) recently completed a follow-on offering of 3,000,000 common units at a price of $16.75 per unit, generating gross proceeds of approximately $50.3 million. The Partnership intends to use the net proceeds from this offering to repay a portion of its outstanding borrowings under its revolving credit facility and for general corporate purposes, including to potentially fund future acquisitions.Landmark Partners is a growth-oriented master limited partnership formed to acquire, own and manage a portfolio of real property interests that are leased to companies in the wireless communication, outdoor advertising and renewable power generation industries. The Partnership’s real property interests consist of a diversified portfolio of long-term and perpetual easements, tenant lease assignments and fee simple properties located in 43 states and the District of Columbia. Landmark Partners is headquartered in El Segundo, California.
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- Date
- May 2015
- Company
- Landmark Infrastructure Partners LP
- Transaction
- M&A
- Sectors
- Real Estate
- Target Geography
- North America
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