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Landmark Infrastructure Partners LP Announces Launch of Initial Public Offering
EL SEGUNDO, Calif., Nov. 5, 2014 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the "Partnership") announced today the launch of its initial public offering of 3,000,000 common units representing limited partner interests in the Partnership ("Common Units"). The underwriters will have a 30-day option to purchase from the Partnership up to 450,000 additional Common Units at the initial public offering price, less the underwriting discounts and commissions. The Common Units have been approved for listing on the NASDAQ Global Market under the ticker symbol "LMRK."
The Common Units being offered represent a 38.3% limited partner interest in the Partnership, or an approximately 44.0% limited partner interest in the Partnership assuming the underwriters exercise their option to purchase additional Common Units in full.
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 42 states and the District of Columbia, entitling the Partnership to rental payments from leases on approximately 700 tenant sites as of October 13, 2014.
Robert W. Baird & Co. Incorporated, Raymond James & Associates, Inc. and RBC Capital Markets, LLC are serving as joint book-running managers for the initial public offering, and Janney Montgomery Scott LLC is serving as co-manager for the initial public 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:
A registration statement relating to these securities has been filed with the Securities and Exchange Commission ("SEC"), but has not yet been declared effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. 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."
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. None of the Partnership, Landmark Dividend LLC or the underwriters undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or of which the Partnership, Landmark Dividend LLC or the underwriters become aware, after the date hereof, unless required by law.
Landmark Infrastructure Partners LP 2141 Rosecrans Avenue, Suite 2100 El Segundo, CA 90245 (310) 598-3173