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.