LandBridge unit DBR Land Holdings closes upsized $125M add-on of 6.250% senior notes due 2030

LandBridge Co LLC

DBR Land Holdings LLC, a LandBridge subsidiary, completed a private placement of $125M additional 6.250% senior notes due 2030, upsized from an initial $100M offering size.
Net proceeds will repay a portion of outstanding borrowings under the company's revolving credit facility.
New notes rank pari passu with and form the same series as the $500M of 6.250% notes due 2030 issued Nov. 25, 2025, bringing the series to $625M.
Notes are guaranteed jointly and severally on a senior unsecured basis by all existing subsidiaries of the Issuer; effectively subordinated to secured debt including the revolver.
Redemption: up to 40% at 106.250% before Dec. 1, 2027 with equity-offering proceeds; 101% change-of-control put applies with a downgrade by two rating agencies.

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