LandBridge subsidiary prices $125M senior notes offering

LandBridge Company LLC, a Houston-based energy and infrastructure company, announced that its subsidiary DBR Land Holdings LLC recently priced a $125 million offering of senior notes with a 6.250% interest rate. The offering, which is now valued at 99.375% of par, surpasses the originally announced size of $100 million. The transaction is scheduled to close on October 1, 2026, pending customary conditions.

These new notes are being offered as part of an indenture that was dated November 25, 2025, following a previous sale of $500 million in aggregate principal amount of 6.250% senior notes due 2030. The new notes will bear the same terms as the existing ones, aside from the issue date and price, and will be grouped together under the same series.

LandBridge intends to utilize the net proceeds from the offering to pay down a portion of the outstanding borrowings under its revolving credit facility. It is important to note that these notes have not been registered under the Securities Act of 1933 and are being sold exclusively to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

LandBridge owns or manages over 350,000 surface acres across Texas and New Mexico, primarily located in the Delaware sub-region in the Permian Basin. The company's strategy involves managing its land to facilitate energy and infrastructure development.