EL SEGUNDO, Calif., June 10, 2016 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership”)
(NASDAQ:LMRK) announced the pricing of the offering by its wholly-owned subsidiary, LMRK Issuer Co. LLC (the “Issuer”), of
$116,600,000 aggregate principal amount of Secured Tenant Site Contract Revenue Notes, Series 2016-1 (the “Notes”) consisting of
two classes of notes. The Notes were priced on June 9, 2016 and were offered only (i) within the United States to persons who
are qualified institutional buyers as defined in Rule 144A under the Securities Act of 1933, as amended, and (ii) to certain
non-U.S. persons in offshore transactions in reliance on Regulation S under such Act. The sale of the notes is expected to
close on June 16, 2016, subject to customary closing conditions.
The Notes will be secured by and payable solely from the assets and cash flow generated by a portfolio of real
property interests leased to companies in the wireless communication industry. The Notes will represent obligations solely of
the Issuer and certain related special purpose entities designated to hold such portfolio and the equity ownership interests of the
Issuer, and will not be insured or guaranteed by the Partnership or any other affiliate thereof, or by any other person or
entity.
The Notes will consist of two classes of fixed rate notes: (i) $91,500,000 aggregate principal amount of the
Class A asset backed notes with an interest rate of 3.52% and an anticipated repayment date of June 15, 2021, and are expected to
be rated A-sf by Fitch Ratings, Inc. (“Fitch”) and A(sf) by Kroll Bond Rating Agency, Inc. (“KBRA”) and (ii) $25,100,000 aggregate
principal amount of the Class B asset backed notes with an interest rate of 7.02% and an anticipated repayment date of June 15,
2021, and are expected to be rated BB-sf by Fitch and BB(sf) by KBRA. The Notes will have an effective weighted average fixed
interest rate of 4.27%.
“We are pleased with the execution of our securitization transaction,” said George Doyle, the Partnership’s
Chief Financial Officer and Treasurer. “The securitization serves to refinance a significant portion of the borrowings
outstanding under our revolving credit facility at an attractive fixed rate. With our securitization completed that opens
significant capacity under our revolving credit facility for future acquisitions.”
The securities priced today have not been registered under the Securities Act of 1933, as amended, or applicable
state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from the registration
requirements of the Securities Act and applicable state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these
securities, and there shall not be any offer or sale of these securities in any state in which such offer, solicitation or sale
would be unlawful. None of the Notes will be registered under the Securities Act or the securities laws of any state or other
jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements of the Securities Act and the securities laws of any applicable state or other jurisdiction.
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 owns and manages a diversified portfolio of
real property interests, which includes long-term and perpetual easements, tenant lease assignments and, to a lesser extent, fee
simple properties located in 49 states and the District of Columbia. As of March 31, 2016, the Partnership’s portfolio
consisted of 1,443 tenant sites.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of federal securities laws. These statements discuss
future expectations, contain projections of results of operations or of financial condition or state other forward-looking
information. You can identify forward-looking statements by words such as “anticipate,” “believe,” “estimate,” “expect,”
“forecast,” “project,” “could,” “may,” “should,” “would,” “will” or other similar expressions that convey the uncertainty of future
events or outcomes. These forward-looking statements are not guarantees of future performance and are subject to risks,
uncertainties and other factors, some of which are beyond the Partnership’s control and are difficult to predict. These
statements are often based upon various assumptions, many of which are based, in turn, upon further assumptions, including
examination of historical operating trends made by the management of the Partnership. Although the Partnership believes that
these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and
contingencies, which are difficult or impossible to predict and are beyond its control, the Partnership cannot give assurance that
it will achieve or accomplish these expectations, beliefs or intentions. Examples of forward-looking statements in this press
release include the payment of our quarterly distribution, the discussion of potential acquisitions from our sponsor, and our
expected distribution growth. When considering these forward-looking statements, you should keep in mind the risk factors and
other cautionary statements contained in the Partnership’s filings with the U.S. Securities and Exchange Commission, including the
Partnership’s annual report on Form 10-K for the year ended December 31, 2015. These risks could cause the Partnership’s
actual results to differ materially from those contained in any forward-looking statement.
CONTACT: Marcelo Choi Vice President, Investor Relations (310) 598-3173 ir@landmarkmlp.com
