LandBridge Company LLC announced on September 22, 2026, that its subsidiary, DBR Land Holdings LLC, intends to offer an additional $100 million in aggregate principal amount of senior notes due 2030. The notes, referred to as the "New Notes," will be issued in a private placement to eligible purchasers under Rule 144A and Regulation S.
The offering is subject to market conditions and will be conducted as additional notes under an indenture dated November 25, 2025. This indenture governs the previously issued $500 million in aggregate principal amount of 6.250% senior notes due 2030, known as the "Existing Notes." The terms of the New Notes will be identical to those of the Existing Notes, with the exception of the issue date and issue price. For all purposes under the indenture, the New Notes will be treated as part of the same series as the Existing Notes.
LandBridge intends to use the net proceeds from this offering to repay a portion of outstanding borrowings under its revolving credit facility. The New Notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States except pursuant to an applicable exemption.
LandBridge owns or manages more than 350,000 surface acres across Texas and New Mexico, primarily located in the Delaware sub-region of the Permian Basin.
