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Landmark to price IPO of 3 million common units between $19.00, $21.00
Baird, Raymond James and RBC Capital Markets will be joint bookrunners
By Devika Patel
Knoxville, Tenn., Nov. 5 – Landmark Infrastructure Partners LP will sell 3 million common units in its initial public offering with a 30-day greenshoe of 450,000 additional common units, according to a Form S-1/A filed Wednesday with the Securities and Exchange Commission. The deal was announced Oct. 8.
The common units will be sold at a price expected to fall between $19.00 and $21.00 per unit.
Landmark Dividend LLC also will buy 2,066,995 subordinated units at the initial public offering price.
Baird, Raymond James & Associates Inc. and RBC Capital Markets are the joint bookrunning managers. Janney Montgomery Scott LLC is the co-manager.
Proceeds will be used to repay debt.
The El Segundo, Calif., company leases real estate. It expects that its common units will trade under the symbol “LMRK.”
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