Seeking Alpha reports that Landmark Infrastructure, the outdoor lease and easement purchaser, has issued 3 million shares in new common stock.   Insider calculates that the company raised $49 million based on 10/14/16 share price of $16.33.  Landmark is using the cash to pay down revolving debt.  It will ultimately be used to purchase new energy, cellular and outdoor leases and easements.

Landmark has introduced a new outdoor financing product in which it will make long term loans to outdoor advertising companies secured by outdoor leases and easements.  It could mean that Landmark is becoming a capital provider to the outdoor business rather than a potential competitor or all powerful landlord.  More about this in a future post.

Paid Ad