Baird served as a bookrunner on this offering.
AboutLandmark 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.
For additional information about this transaction, please contact:
- May 2015
- Landmark Infrastructure Partners LP
- Real Estate
- Target Location
- North America