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EX-99.1 - EX-99.1 - Landmark Infrastructure Partners LPlmrk-20150305ex991294103.htm

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549 

 

FORM 8-K/A

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 

 

Date of Report (Date of earliest event reported): March 5, 2015 

 

Landmark Infrastructure Partners LP

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

 

 

 

 

Delaware 

 

001-36735

 

61-1742322

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation or organization)

 

File Number)

 

Identification No.)

 

2141 Rosecrans Avenue, Suite 2100

El Segundo, CA 90245
(Address of principal executive office) (Zip Code)

 

(310) 598-3173
(Registrants’ telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

  

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

 

 

 

 

 

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

 

 

 

 

Explanatory Note

 

As previously reported under Item 2.01 of the Current Report on Form 8-K of Landmark Infrastructure Partners LP (the “Partnership”), filed on March 5, 2015 (the “Original 8-K”), Landmark Infrastructure Operating Company LLC (“OpCo”), a wholly owned subsidiary of the Partnership, completed its acquisition of 81 tenant sites and related real property interests, consisting of wireless communication, outdoor advertising and renewable power sites (the “Assets”), from Landmark Infrastructure Holding Company LLC (“HoldCo”), a wholly owned subsidiary of Landmark Dividend LLC (“Landmark”), in exchange for cash consideration of $25,205,000.00 (the “Transaction”).

 

This Current Report on Form 8-K/A amends the Original 8-K to file the financial information required by Items 9.01(a) and 9.01(b), as permitted by Items 9.01(a)(4) and 9.01(b)(2), respectively, of Form 8-K.

 

 

Item 9.01 Financial Statements and Exhibits.

 

(a)    Financial statements of businesses acquired. Substantially all tenant sites and real property interests acquired by the Partnership in connection with the Transaction are occupied by single tenants subject to lease agreements that are effectively triple net leases whereby the tenant is responsible for all expenses associated with the property, and no single asset included in the Transaction represented 10% or more of its total assets as reflected on its latest balance sheet filed with the Securities and Exchange Commission (the “SEC”) prior to the acquisition. For those assets leased to single tenants that are subject to lease agreements that are effectively triple net leases, the Partnership believes that financial information about the tenants, or the parent company of which the tenant is a wholly owned subsidiary, is more relevant to investors than financial statements of the acquired tenant site. These tenants, or their parent companies, are public companies that provide publicly available financial statements in reports filed with the SEC at http://www.sec.gov. The information in the table below sets forth the portion of the Transaction purchase price attributable to assets with the tenants listed below and is provided to conform to Regulation S-X, Rule 3-14 aggregation rules:

 

 

 

 

 

 

 

 

 

 

 

Tenant

 

Purchase Price

 

Public Entity

AT&T Mobility

$

4,390,754

 

AT&T Inc.

T‑Mobile

 

3,125,227

 

T-Mobile US, Inc.

Verizon

 

2,155,835

 

Verizon Communications Inc.

Outfront Media

 

3,842,100

 

OUTFRONT Media Inc.

Crown Castle

 

1,951,835

 

Crown Castle International Inc.

Sprint

 

1,264,000

 

Sprint Corporation

 

 

(b)    Pro forma financial information. The unaudited pro forma consolidated and combined financial statements of the Partnership for the year ended December 31, 2014 are filed herewith as Exhibit  99.1.

 

(d) Exhibits

 

Exhibit

 

 

Number

 

Description

99.1

 

Unaudited pro forma consolidated and combined financial statements of the Landmark Infrastructure Partners LP for the year ended December 31, 2014.

 

 

 

 

2

 


 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

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Landmark Infrastructure Partners LP

 

 

 

 

 

By:

Landmark Infrastructure Partners GP LLC, its general partner

 

 

 

 

Dated: March 27, 2015

By:

/s/ George P. Doyle

 

 

Name: George P. Doyle

 

 

Title: Chief Financial Officer and Treasurer

 

 

 

 

3

 


 

 

EXHIBIT INDEX

 

Exhibit

 

 

Number

 

Description

99.1

 

Unaudited pro forma consolidated and combined financial statements of the Landmark Infrastructure Partners LP for the year ended December 31, 2014.

 

 

 

 

4