EL SEGUNDO, Calif., May 29, 2018 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the “Partnership”)
(NASDAQ:LMRK) announced the pricing of the offering by its wholly-owned subsidiary, LMRK Issuer Co III LLC (the “Issuer”), of
$125,440,000 aggregate principal amount of Secured Tenant Site Contract Revenue Notes, Series 2018-1 (the “Notes”) consisting of
three classes of notes. The Notes were priced on May 25, 2018 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 (the “Act”), and (ii)
to certain non‑U.S. persons in reliance on Regulation S under the Act. The sale of the notes is expected to close on June 6,
2018, 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 three classes of fixed rate notes: (i) $95,530,000 aggregate principal amount of the
Class C asset backed notes with a coupon of 3.97%; (ii) $13,180,000 aggregate principal amount of the Class D asset backed notes
with a coupon of 4.70%; and (iii) $16,730,000 aggregate principal amount of the Class F asset backed notes with a coupon of 5.92%.
The Notes were priced at a fixed weighted average coupon of 4.31%.
The Partnership intends to use the proceeds, net of certain expenses and initial deposits into reserve accounts,
from the offering to repay a portion of the existing indebtedness under its revolving credit facility.
The Notes have not been registered under the Act or applicable state securities laws, and may not be offered or
sold in the United States absent registration or an applicable exemption from such registration requirements.
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.
About Landmark Infrastructure Partners LP
The Partnership owns and manages a portfolio of real property interests and infrastructure assets that the Partnership
leases to companies in the wireless communication, outdoor advertising and renewable power generation industries.
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, 2017. 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
(213) 788-4528
ir@landmarkmlp.com
