Landmark Infrastructure Partners LP (NASDAQ:LMRK) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Amendment to Credit Agreement
On June 1, 2017, Landmark Infrastructure Operating Company LLC, a
Delaware limited liability company (OpCo) and wholly owned
subsidiary of Landmark Infrastructure Partners LP, a Delaware
limited partnership (the Partnership), exercised its option to
increase the available commitments under its Amended and Restated
Credit Agreement, dated as of November 19, 2014, by and among
OpCo, the Partnership, SunTrust Bank, as administrative agent
(the Agent), and the lenders party thereto, and entered into that
certain Increase Joinder (the Joinder Agreement) by and among
OpCo, the Agent and certain lenders party thereto. to the Joinder
Agreement, OpCo received additional commitments of $85 million on
the $282 million senior secured revolving credit facility,
resulting in aggregate commitments of $367 million after giving
effect to the Joinder Agreement.
The foregoing description of the Joinder Agreement is qualified
in its entirety by reference to the full text of the Joinder
Agreement, which is attached as Exhibit 10.1 to this Current
Report on Form 8-K and incorporated in this Item 1.01 by
reference.
Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The description of the Joinder Agreement provided under Item 1.01
is incorporated in this Item 2.03 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit |
|
|
Number |
Description |
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10.1 |
Increase Joinder, dated as of June 1, 2017, by and among |
About Landmark Infrastructure Partners LP (NASDAQ:LMRK)
Landmark Infrastructure Partners LP is engaged in acquiring, owning and managing a portfolio of real property interests. The Company leases its properties to companies in the wireless communication, outdoor advertising and renewable power generation industries. Its segments include Wireless Communication, Outdoor Advertising, Renewable Power Generation and Corporate. The Wireless Communication segment consists of leasing real property interests to companies in the wireless communication industry in the United States. The Outdoor Advertising segment consists of leasing real property interests to companies in the outdoor advertising industry in the United States. The Renewable Power Generation segment consists of leasing real property interests to companies in the renewable power industry in the United States. Its property interests underlie its tenants’ infrastructure assets, including freestanding cellular towers and rooftop wireless sites, billboards, wind turbines and solar arrays.