LandBridge Co LLC (LB): M&A transaction — LandBridge closes ~46K-acre Wolf Bone Ranch acquisition for $245M; raises $350M equity

LandBridge Co LLC

Acquired ~46,000 surface acres in Reeves and Pecos Counties, Texas for $245M cash; funded by $200M private placement and $45M term loan draw.
Private placement of 5,830,419 Class A shares at $60.03/sh raised gross proceeds of $350M; $150M used to repurchase OpCo units from sponsor with no shareholder dilution.
VTX Energy provided a minimum annual revenue commitment of $25M for each of the next five years on the acquired land.
Total Delaware Basin holdings now ~273,000 surface acres; company reaffirms 2025 Adjusted EBITDA guidance of $170M–$190M.
Registration rights agreement filed covering resale of the 5,830,419 Class A shares issued in the private placement.

item 1.01 item 2.01 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

LandBridge Co LLC completed an acquisition involving Wolf Bone Ranch Partners LLC for approximately $245.0 million in cash (closed 2024-12-19).

Action: acquisition
Counterparty: Wolf Bone Ranch Partners LLC
Consideration: approximately $245.0 million in cash
Closing: 2024-12-19

Exact text from the filing

On December 19, 2024, the Company completed the Acquisition. At the closing, the Company paid approximately $245.0 million in cash, consisting of approximately (i) $200.0 million from the Private Placement and (ii) $45.0 million drawn under the term loan component of its credit facility.

View on SEC.gov

5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

LandBridge Co LLC filing history →

Source: SEC EDGAR

accession 0001193125-24-284426

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.