Landmark Infrastructure Partners LP (NASDAQ:LMRK) Files An 8-K Entry into a Material Definitive Agreement

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.

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Amendment to Credit Agreement

On December 28, 2017, Landmark Infrastructure Asset OpCo II LLC, a Delaware limited liability company (“OpCo II”), Landmark Infrastructure Inc., a Delaware corporation (“Landmark REIT”), Landmark Infrastructure Operating Company LLC, a Delaware limited liability company (“OpCo” and together with OpCo II and Landmark REIT, collectively, the “Borrowers”), and wholly owned subsidiaries of Landmark Infrastructure Partners LP, a Delaware limited partnership (the “Partnership”), exercised its option to increase the available commitments under its Second Amended and Restated Credit Agreement, dated as of July 31, 2017, by and among the Borrowers, 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 the Borrowers, the Agent and certain lenders party thereto. to the Joinder Agreement, the Borrowers received additional commitments of $23 million on the $367 million senior secured revolving credit facility, resulting in aggregate commitments of $390 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 Exhibit10.1 to this Current Report on Form8-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

Exhibit

Number

Description

10.1

Increase Joinder, dated as of December 28, 2017, by and among Landmark Infrastructure Asset OpCo II LLC, Landmark Infrastructure Inc., Landmark Infrastructure Operating Company LLC, as Borrowers, Landmark Infrastructure Partners LP, SunTrust Bank, as administrative agent, and the lenders party thereto.


Landmark Infrastructure Partners LP Exhibit
EX-10.1 2 lmrk-ex101_8.htm EX-10.1 lmrk-ex101_8.htm Exhibit 10.1 INCREASE JOINDER This INCREASE JOINDER,…
To view the full exhibit click here

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.

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