debt
confidence high
sentiment neutral
materiality 0.50
LandBridge Co LLC (LB): debt financing — LandBridge subsidiary closes $500M 6.25% senior notes due 2030, to refinance existing debt
LandBridge Co LLC
- DBR Land Holdings issued $500M of 6.250% Senior Notes due 2030 in a private placement.
- Net proceeds plus revolver borrowings will repay existing credit facility ($370.2M outstanding as of Sep 30, 2025).
- Notes are senior unsecured, guaranteed by existing subsidiaries, redeemable at 106.25% before Dec 2027.
- Notes sold under Rule 144A/Reg S; not registered under Securities Act.
- Change-of-control put at 101% if downgrade by two rating agencies occurs.