Baird, Raymond James and RBC Capital Markets will be bookrunners
By Devika Patel
Knoxville, Tenn., Nov. 14 – Landmark Infrastructure Partners LP said it priced its $50.35 million initial public offering of common units with a $7.55 million greenshoe. The deal was announced Oct. 8.
The company will sell 2.65 million common units at $19.00 per unit.
Robert W. Baird & Co. Inc., Raymond James & Associates, Inc. and RBC Capital Markets, LLC are the bookrunning managers.
Settlement is expected Nov. 19.
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.”
| Issuer: | Landmark Infrastructure Partners LP
|
| Issue: | Common units
|
| Amount: | $50.35 million
|
| Greenshoe: | $7,552,500
|
| Units: | 2.65 million
|
| Price: | $19.00
|
| Warrants: | No
|
| Bookrunners: | Robert W. Baird & Co. Inc., Raymond James & Associates, Inc. and RBC Capital Markets, LLC
|
| Co-manager: | Janney Montgomery Scott LLC
|
| Announcement date: | Oct. 8
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 19
|
| Stock symbol: | Nasdaq: LMRK
|
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