LandBridge To Offer $500 Mln In Senior Notes
(RTTNews) - LandBridge Co. LLC (LB), an energy and infrastructure company, on Wednesday said its subsidiary DBR Land Holdings LLC plans to offer $500 million in senior notes in a private placement to eligible investors.
The company said that the net proceeds, along with borrowings under a new credit facility, will be used to repay and terminate the company's existing credit facility.
In the pre-market trading, LandBridge is 0.56% lesser at $61.66 on the New York Stock Exchange.
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