LandBridge Company LLC $(LB)$ announced that its subsidiary, DBR Land Holdings LLC, plans to offer $500 million in aggregate principal amount of senior notes in a private placement, subject to market conditions. The notes will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act. LandBridge intends to use the net proceeds from the offering, along with new credit facility borrowings, to repay and terminate its existing credit facility. No details on price, maturity date, or interest rate were disclosed in the announcement.
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