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Landmark Infrastructure unit closes secured notes offering

Landmark Infrastructure Partners LP's LMRK Issuer Co III LLC unit closed an offering of about $125.4 million of secured tenant site contract revenue notes, series 2018-1.

The asset-backed notes due June 15, 2023, comprise $95.5 million of 3.97% class C notes, about $13.2 million of 4.70% class D notes and $16.7 million of 5.92% class F notes.

The company earlier said it would use the offering's proceeds to repay outstanding amounts under its revolving credit facility.