EL SEGUNDO, Calif., Oct. 14, 2016 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (Nasdaq:LMRK) (the
“Partnership”) announced today that it has priced 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 $16.30 per Common Unit. The underwriters
have a 30-day option to purchase up to 450,000 additional Common Units. The offering is expected to close on or about October
19, 2016, subject to customary closing conditions.
The Partnership expects to receive net proceeds of approximately $46.3 million (or approximately $53.3 million
if the underwriters exercise in full their option to purchase an additional 450,000 Common Units) and intends to use the net
proceeds from the offering to fund a portion of the purchase price for the previously announced acquisition by the Partnership of
100% of the equity interests in certain entities that own approximately 4,000 acres of land in California from Recurrent Energy
Landco LLC, a subsidiary of Canadian Solar Inc. (the “Recurrent Transaction”). Until the Partnership applies the net proceeds
for the purposes described above, it may repay indebtedness under its revolving credit facility or invest the proceeds in
short-term liquid investments. If the Recurrent Transaction is not consummated, then the Partnership intends to use the net
proceeds to repay borrowings outstanding under its revolving credit facility.
This offering is not conditioned upon the completion of the Recurrent Transaction, and the completion of this
offering is not a condition to the completion of the Recurrent Transaction.
Raymond James & Associates, Inc., RBC Capital Markets, LLC, Wells Fargo Securities, LLC and Robert W. Baird &
Co. Incorporated are serving as joint book-running managers for the offering. Wunderlich Securities, Inc. and Janney
Montgomery Scott LLC are serving as co-managers for the offering. Raymond James & Associates, Inc., RBC Capital Markets, LLC
and Wells Fargo Securities, LLC are also acting as representatives of the underwriters named above. When available, copies of
the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus related to the offering may be
obtained free of charge on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov or from the underwriters of the offering as follows:
Raymond James & Associates, Inc.
Attn: Equity Syndicate
880 Carlton Parkway
St. Petersburg, Florida 33716
Telephone: (800) 248-8863
Email: prospectus@raymondjames.com
RBC Capital Markets, LLC
Attn: Equity Syndicate
200 Vesey St., 8th Floor
New York, New York 10281
Telephone: (877) 822-4089
Email: equityprospectus@rbccm.com
Wells Fargo Securities, LLC
Attn: Equity Syndicate Department
375 Park Avenue
New York, New York 10152
Telephone: (800) 326-5897
Email: cmclientsupport@wellsfargo.com
Robert W. Baird & Co. Incorporated
Attention: Syndicate Department
777 E. Wisconsin Avenue
Milwaukee, Wisconsin 53202
Telephone: (800) 792-2473
Email: syndicate@rwbaird.com
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.
The offering is being made only by means of a prospectus and related prospectus supplement meeting the
requirements of Section 10 of the Securities Act of 1933, as amended. The offering is being made pursuant to an effective shelf
registration statement, which was previously filed by the Partnership with the SEC.
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, primarily located in the United States. As of September 30, 2016, the Partnership’s portfolio consisted of
1,968 tenant sites.
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 Partnership’s Form 10-K for year ended December 31, 2015 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 ir@landmarkmlp.com
