Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, April 20, 4:41 AM
Slide #345. Landmark Infrastructure Partners LP — Preferred Stock Offering
Company: |
Landmark Infrastructure Partners LP (LMRK) |
Date announced: |
3/29/2016 |
Shares Offered: |
800,000 |
Date of Pricing: |
3/30/2016 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
Landmark Infrastructure Partners LP (Nasdaq:LMRK) (the "Partnership") announced today that it has commenced an underwritten public offering of Series A Cumulative Redeemable Perpetual Preferred Units representing limited partner interests in the Partnership ("Series A Preferred Units"). The Partnership intends to grant the underwriters a 30 day option to purchase additional Series A Preferred Units. -updated 3/30 - Landmark Infrastructure Partners LP (Nasdaq: LMRK) (the "Partnership") announced today that it has priced its underwritten public offering of 800,000 of its 8.00% Series A Cumulative Redeemable Perpetual Preferred Units (Liquidation Preference $25.00 per Unit) representing limited partner interests in the Partnership ("Series A Preferred Units") at a public offering price of $25.00 per Series A Preferred Unit. The underwriters have a 30 day option to purchase up to 120,000 additional Series A Preferred Units. Distributions will be payable on the Series A Preferred Units at a rate of 8.00% per annum of the stated liquidation preference of $25.00 per Unit. The offering is expected to close on or about April 4, 2016, subject to customary closing conditions. |
Landmark Infrastructure Partners is engaged in the acquisition, development, ownership and management of a portfolio of real property interests and infrastructure assets that are leased to companies in the wireless communication, outdoor advertising and renewable power generation industries. Co.'s real property interests underlie its tenants' infrastructure assets, which include freestanding cellular towers and rooftop wireless sites, data centers,billboards, wind turbines, solar arrays and development equipment. Co. conducts business through four reportable business segments: Wireless Communication, Digital Infrastructure, Outdoor Advertising and Renewable Power Generation.
Preferred: LMRKP
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