EL SEGUNDO, Calif., May 15, 2015 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (Nasdaq:LMRK) (the "Partnership") announced today the pricing of its underwritten public offering of 3,000,000 common units representing limited partner interests in the Partnership ("Common Units") at a public offering price of $16.75 per Common Unit. The offering was upsized from the previously announced public offering of 2,500,000 Common Units. The underwriters have a 30-day option to purchase from the Partnership up to 450,000 additional Common Units. The Common Units trade on the NASDAQ Global Market under the ticker symbol "LMRK." The offering is expected to close on or about May 20, 2015, subject to customary closing conditions.
The Partnership intends to use the net proceeds from the offering, including any proceeds from any exercise of the underwriters' option to purchase additional common units, to repay a portion of its outstanding borrowings under its revolving credit facility and for general partnership purposes, including to potentially fund future acquisitions.
Raymond James & Associates, Inc., Robert W. Baird & Co. Incorporated and RBC Capital Markets, LLC are serving as joint book-running managers for the offering, and Wunderlich Securities, Inc. and Janney Montgomery Scott LLC are serving as co-managers for the offering. The offering of these securities will be made only by means of a prospectus. When available, a written prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from:
| Raymond James & Associates, Inc. |
Attn: Equity Syndicate
880 Carillon Parkway
St. Petersburg, Florida 33716
Telephone: (800) 248-8863
| Robert W. Baird & Co. Incorporated |
Attn: Syndicate Department
777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202
Telephone: (800) 792-2473
| RBC Capital Markets, LLC |
Attn: Equity Syndicate
200 Vesey St., 8th Floor
New York, New York 10281
Telephone: (877) 822-4089
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission ("SEC"). The registration statement (including the preliminary prospectus) is available on the SEC's 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.
When available, you may also obtain a copy of the final prospectus free of charge, at the SEC's website at www.sec.gov under the Partnership's name "Landmark Infrastructure Partners LP."
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 fee simple properties located in 43 states and the District of Columbia, entitling the Partnership to rental payments from leases on approximately 770 tenant sites as of March 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 prospectus 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 firstname.lastname@example.org
Source:Landmark Infrastructure Partners LP