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EL SEGUNDO, Calif., March 29, 2016 -- 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.
The Partnership intends to use the net proceeds from the offering, including any proceeds from any exercise of the underwriters’ option to purchase additional Series A Preferred Units, to repay indebtedness.
RBC Capital Markets, LLC, FBR Capital Markets & Co., Janney Montgomery Scott LLC, Wunderlich Securities, Inc., Incapital LLC, and Oppenheimer & Co. Inc. are serving as joint book-running managers for the offering, and RBC Capital Markets, LLC and FBR Capital Markets & Co. are also acting as representatives of the underwriters named above. When available, a written prospectus and prospectus supplement that meets the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from:
| RBC Capital Markets, LLC Three World Financial Center 200 Vesey Street, 8th Floor New York, NY 10281 Toll-Free Number: (866) 375-6829 Fax: (212) 658-6137 Email: [email protected] | FBR & Co. Attn: Prospectus Department 1300 North 17th Street, Suite 1400 Arlington, Virginia 22209 Telephone: (703) 312-9726 Email: [email protected] | |||
An electronic copy of the preliminary prospectus supplement and accompanying base prospectus is available on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering may be made only by means of a prospectus and prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering will be made pursuant to an effective shelf registration statement, as amended, which was previously filed by the Partnership with the SEC and a prospectus supplement and accompanying prospectus, which will be filed by the Partnership with the SEC.
About Landmark Infrastructure Partners LP
The Partnership is a growth-oriented master limited partnership formed to acquire, own and manage a portfolio of real property interests that the Partnership leases to companies in the wireless communication, outdoor advertising and renewable power generation industries. Headquartered in El Segundo, California, the Partnership’s real property interests consist of a diversified portfolio of long-term and perpetual easements, tenant lease assignments and, to a lesser extent, fee simple properties located in 49 states and the District of Columbia, entitling the Partnership to rental payments from leases on approximately 1,456 tenant sites as of December 31, 2015.
Cautionary Note Regarding Forward Looking Statements
Disclosures in this press release contain certain forward-looking statements within the meaning of the federal securities laws. Statements that do not relate strictly to historical or current facts are forward-looking. These statements contain words such as “possible,” “if,” “will,” “expect” and “assuming” and involve risks and uncertainties including, among others that our business plans may change as circumstances warrant and securities of the Partnership may not ultimately be offered to the public because of general market conditions or other factors. Accordingly, readers should not place undue reliance on forward-looking statements as a prediction of actual results. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the “Risk Factors” section of the Partnership’s Form 10-K for year ended December 31, 2015 included in the registration statement, in the form last filed with the SEC. Any forward-looking statements in this press release are made as of the date of this press release and the Partnership undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or of which the Partnership becomes aware, after the date hereof, unless required by law.
CONTACT: Marcelo Choi Vice President, Investor Relations (310) 598-3173 [email protected]
