Financing ·
LandBridge Company LLC announced that its subsidiary, DBR Land Holdings LLC, intends to offer an additional $100…
LBLandBridge Corp
LandBridge Company LLC announced that its subsidiary, DBR Land Holdings LLC, intends to offer an additional $100 million in aggregate principal amount of 6.250% Senior Notes due 2030 via a private placement under Rule 144A and Regulation S. These new notes will be issued under the existing indenture dated November 25, 2025, carrying identical terms to the previously outstanding $500 million in senior notes due 2030, differing only in issue date and price. LandBridge plans to utilize the net proceeds from this offering to repay a portion of its outstanding borrowings under its revolving credit facility. The company also disclosed recent acquisitions of over 24,000 surface acres for approximately $261.2 million and ongoing efforts to convert from a Delaware limited liability company to a Texas corporation to enhance index eligibility. LandBridge owns or manages more than 350,000 surface acres across Texas and New Mexico in the Permian Basin, supporting energy and infrastructure development.