LandBridge Company LLC subsidiary DBR Land Holdings LLC priced $125 million of additional 6.250% senior notes due 2030 on September 22, 2026, then expected to close the offering on October 1. Investing.com reported on October 1 that the placement was completed. The notes were privately placed with institutional investors, not offered to the general public.
What are the terms of LandBridge’s $125 million notes offering?
The notes carry an annual coupon of 6.250%, mature in 2030 and were priced at 99.375% of their principal amount. LandBridge’s September 22, 2026 release said the offering was increased from the previously announced $100 million to $125 million. The issuer described the transaction as an offering of additional notes by DBR Land Holdings LLC, a LandBridge subsidiary.
At 99.375% of par, the issue price is below the notes’ $1,000 face amount per $1,000 of principal. The coupon is the stated annual interest rate; the price paid by initial purchasers and the coupon are distinct terms.
How do the additional notes relate to LandBridge’s existing debt?
The additional notes were issued under the November 25, 2025 indenture associated with $500 million of existing 6.250% senior notes due 2030. The new notes were described as identical to the existing notes except for their issue date and issue price, and as part of the same series for indenture purposes. These terms link the notes under the indenture; they do not mean the new principal was part of the earlier $500 million issuance.
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What will LandBridge use the proceeds for?
LandBridge said it intended to use the net proceeds to repay a portion of borrowings outstanding under its revolving credit facility. The pricing announcement stated an intended use, not that repayment had already occurred, and did not specify the final repayment amount.
Was the offering completed?
When LandBridge announced pricing on September 22, it said closing was expected on October 1, subject to customary closing conditions. Investing.com reported on October 1, 2026 that the placement was completed. The issuer’s pricing announcement establishes the announced terms and expected closing; the completion detail here is based on that secondary report.
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Who could buy the notes?
The notes were unregistered securities offered in the United States only to persons reasonably believed to be qualified institutional buyers under Rule 144A, and outside the United States under Regulation S. This was an institutional private placement, not an investment offering open to retail investors generally. LandBridge’s release also stated that it was not an offer to sell or a solicitation to buy the securities.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What is LandBridge?
LandBridge describes itself as owning or managing acreage in Texas and New Mexico, primarily in the Delaware sub-region of the Permian Basin, and managing land and resources for energy, infrastructure and other commercial uses. That company description is background; the notes transaction is a financing by its subsidiary, DBR Land Holdings LLC.
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