---
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"
generated_at: "2026-05-17T04:30:25.881830+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LandBridge to acquire ~37,500 Delaware Basin acres for $250M ($208M cash + $42M equity)

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-232630
- JSON: https://secwatch.observer/filing/0001193125-25-232630.json
- Plain text: https://secwatch.observer/filing/0001193125-25-232630.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1995807/000119312525232630/0001193125-25-232630-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.