debt
confidence high
sentiment neutral
materiality 0.65
Lineage OP issues $500M 5.250% Senior Notes due 2030 to repay revolver
Lineage, Inc.
- Net proceeds ~$489M after discounts and expenses; used to repay revolving credit facility and for general corporate purposes.
- Notes mature July 15, 2030; interest payable semi-annually on Jan 15 and Jul 15, starting Jan 15, 2026.
- Redeemable at make-whole premium (T+25bps) prior to June 15, 2030, and at par thereafter.
- Fully and unconditionally guaranteed by Lineage, Inc. and certain subsidiary guarantors.
- Sold in private placement to QIBs under Rule 144A/Reg S; registration rights agreement filed to exchange for registered notes by June 17, 2026.
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