Landbridge Company LLC (NYSE: LB; NYSE Texas: LB) has announced the pricing of its offering of $500 million aggregate principal amount of 6.250% senior notes due 2030 at par. This offering is expected to close on November 25, 2025, subject to customary closing conditions.
The net proceeds from this offering, together with borrowings under its new credit facility, will be used by Landbridge to repay all outstanding borrowings under, and terminate, its existing credit facility.
Landbridge owns more than 300,000 surface acres across Texas and New Mexico, primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States.
In comparison to the previous period, Landbridge's offering of senior notes represents a significant financial move, providing a clear indication of its strategic shift in capital structure and financing activities. This move suggests that Landbridge is actively managing its capital resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. Following these announcements, the company's shares moved 4.24%, and are now trading at a price of $64.64. Check out the company's full 8-K submission here.
