LandBridge unit DBR Land Holdings prices additional $125 million of 6.25% senior notes due 2030
LB•DBR Land Holdings priced an upsized private placement of $125 million in additional 6.25% senior notes due 2030, with net proceeds earmarked to repay part of its revolving credit facility borrowings.
1. Note offering
The LandBridge unit issued the notes as additional notes under the indenture for its existing $500 million of 6.25% senior notes due 2030. The notes are guaranteed on a senior unsecured basis by the issuer’s existing subsidiaries.
