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Landmark Infrastructure launches preferred units offering

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Landmark Infrastructure launches preferred units offering

Landmark InfrastructurePartners LP said it launched an underwritten public offering of preferredunits.

The series A cumulative redeemable perpetual preferred unitsrepresent limited partnership interests in the company. Landmark also plans to grantthe underwriters a 30-day option to purchase additional series A preferred units.

Net proceeds from the offering are expected to be used to repayindebtedness, according to a news release.

RBC Capital Markets LLC, FBR Capital Markets & Co.,Janney Montgomery Scott LLC, Wunderlich Securities Inc., Incapital LLCand Oppenheimer & Co. Inc. are serving as joint book-running managers for theoffering. RBC Capital Markets LLC and FBR Capital Markets & Co.are also acting as representatives of the underwriters.