LandBridge prices upsized $125M senior notes offering at 99.375%

LandBridge Company LLC (NYSE: LB; NYSE Texas: LB) announced that DBR Land Holdings LLC, a subsidiary of LandBridge, has priced an offering of $125 million in aggregate principal amount of 6.250% senior notes due 2030 at 99.375% of par.

The offering was upsized from a previously announced size of $100 million. The transaction is expected to close on October 1, 2026, subject to customary closing conditions.

The new notes are being issued as additional notes under an indenture dated November 25, 2025, through which DBR Land Holdings previously issued $500 million in aggregate principal amount of 6.250% senior notes due 2030. The new notes carry identical terms to the existing notes, apart from the issue date and issue price, and will be treated as part of the same series under the indenture.

LandBridge intends to use the net proceeds to repay a portion of outstanding borrowings under its revolving credit facility.

The notes have not been registered under the Securities Act of 1933 and are being offered only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.

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