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Landmark Infrastructure Partners extends interest rate swaps

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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.