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Landmark Infrastructure sells 2.5 million common units via public sale
Raymond James, Baird and RBC help fund credit facility debt repayment
By Devika Patel
Knoxville, Tenn., May 12 – Landmark Infrastructure Partners LP will sell 2.5 million common units in its public offering with a 30-day greenshoe of 375,000 additional common units, according to a Form S-11 filed Friday with the Securities and Exchange Commission. The company has registered up to $51.41 million of common units for the sale, which was announced on March 27.
Raymond James, Baird and RBC Capital Markets are the bookrunning managers. Wunderlich and Janney Montgomery Scott are the co-managers.
Proceeds will be used to repay debt under the company’s revolving credit facility and for general partnership purposes, including potential acquisitions.
The El Segundo, Calif., company leases real estate.
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