trending Market Intelligence /marketintelligence/en/news-insights/trending/kyofMF9X6POANNlFP60yHA2 content esgSubNav
In This List

Landmark Infrastructure Partners extends interest rate swaps

Blog

Gauging the Impact of Rate Changes, Growth, and Foreign Fluctuations on the US Economy

Blog

2023 Big Picture: US Consumer Survey Results

Blog

Insight Weekly: Bank mergers of equals return; energy tops S&P 500; green bond sales to rise

Blog

Insight Weekly: US companies boost liquidity; auto insurers hike rates; office sector risk rises


Landmark Infrastructure Partners extends interest rate swaps

Landmark InfrastructurePartners LP has extended two of its interest rate swap agreements witha combined value of $95 million by three years to 2021 and beyond.

Following the agreements, the average duration of the partnership'sinterest rate swaps has increased by approximately two years. The all-in effectiverate for hedged borrowings under the partnership's existing credit facility wasmaintained.

CFO George Doyle said in a release that with the new swap agreements,Landmark Infrastructure has fixed the floating interest rate component on approximately70% of its existing borrowings for an average of six years.