{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-232630","form_type":"8-K","ticker":"LB","cik":"0001995807","company_name":"LandBridge Co LLC","filed_at":"2025-10-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.240825+00:00","generated_at":"2026-05-17T04:30:25.881830+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"LandBridge to acquire ~37,500 Delaware Basin acres for $250M ($208M cash + $42M equity)","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-232630","json":"https://secwatch.observer/filing/0001193125-25-232630.json","markdown":"https://secwatch.observer/filing/0001193125-25-232630.md","text":"https://secwatch.observer/filing/0001193125-25-232630.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1995807/000119312525232630/0001193125-25-232630-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1995807/000119312525232630/lb-20251003.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:30:25.881830+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3c95f9cfbd2d5294bd7e53c2dbdc0a79e883eac2","claim":"LandBridge Co LLC incurred term loan of $200.0 million with Texas Capital Bank maturing July 3, 2027.","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1995807/000119312525232630/0001193125-25-232630-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$200.0 million"},{"label":"Counterparty","value":"Texas Capital Bank"},{"label":"Maturity","value":"July 3, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}