LandBridge Co LLC (LB): debt financing — LandBridge to acquire ~37,500 Delaware Basin acres for $250M ($208M cash + $42M equity)

LandBridge Co LLC

Purchase price: $250M, consisting of $208.3M cash and ~$41.7M in OpCo units/Class B shares.
Acreage: ~22,000 fee simple, ~3,500 managed surface, ~12,000 leasehold across Reeves, Loving, Winkler, Ward counties.
New $200M delayed draw term loan facility added to credit agreement to partially finance the deal.
Closing expected in Q4 2025, subject to antitrust waiting period and other customary conditions.
Post-acquisition total holdings will increase to ~300,000 surface acres.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LandBridge Co LLC incurred term loan of $200.0 million with Texas Capital Bank maturing July 3, 2027.

Instrument: term loan
Principal: $200.0 million
Counterparty: Texas Capital Bank
Maturity: July 3, 2027
Event: incurrence

Exact text from the filing

The Amendment provides for a new delayed draw term loan facility with total term loan commitments of $200.0 million for the purpose of financing part of the Acquisition and paying certain related costs and expenses (the "DDTL Facility").

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.4

LandBridge Co LLC issued common stock to 1918 Ranch & Royalty, LLC for $41.7 million in units.

Security: common stock
Purchaser: 1918 Ranch & Royalty, LLC
Consideration: $41.7 million in units

Exact text from the filing

Texas, and certain related assets (the “Acquisition”) for an aggregate purchase price of $250.0 million, consisting of approximately $208.3 million in cash and approximately $41.7 million in units representing limited liability company interests in OpCo (together with an equal number of Class B shares representing limited liability company interests in the Company

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10 debt financings filed in the last 30 days. Browse all debt financings →

LandBridge Co LLC filing history →

Source: SEC EDGAR

accession 0001193125-25-232630

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