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Landmark unit closes $80M notes offering

Landmark Infrastructure Partners LP subsidiary LMRK Issuer Co. 2 LLC closed its offering of $80 million of its secured tenant site contract revenue notes, series 2017-1, that consist of two classes of notes and include a site acquisition account.

The notes consist of $62 million of 4.10% class A asset-backed notes and $18 million of 3.81% class B asset-backed notes, both due November 2022.

The notes were priced Nov. 21 and issued Nov. 30 in a private placement.

Landmark said 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 outdoor advertising industry.