Landmark pays down portion of its revolver with new note proceeds

By Sarah Lizee

Olympia, Wash., Jan. 16 – Landmark Infrastructure Partners LP paid down a portion of its current revolving credit facility balance using proceeds from a private placement of notes, according to a press release.

The company announced that some of its subsidiaries entered into a master note purchase and participation agreement under which the issuers sold an initial $170 million of 3.9% series A senior secured notes in a private placement.

Proceeds were also used to repay in full revenue notes previously issued by the partnership.

Landmark Infrastructure is an El Segundo, Calif.-based owner and manager of real estate leased to companies in the wireless communication, outdoor advertising and renewable power generation industries.

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