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.