Watch: Land Betterment Launches $75 million Impact Note Offering

Watch: Land Betterment Launches $75 million Impact Note Offering

Company discusses how they plan on using their impact note offering to repair the environment and grow their sustainable business pillars to address social issues
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.@LandBetterment, an environmental solutions company fostering positive impact through #upcycling former coal mining sites, launches $75 million impact note offering to repair the environment & grow sustainable business pillars to address social issues https://bit.ly/38VtND6
Wednesday, July 15, 2020 - 8:30am

CAMPAIGN: Land Betterment

CONTENT: Press Release

FISHERS, Ind., July 15, 2020 /3BL Media/ - Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining sites to create sustainable community development and job creation, recently discuss the launch of their impact notes (or the “Notes”).  The Company impact notes offering is a private debt offering, under Rule 506(c), to accredited investors for up to $75 million.  The Notes will carry an initial 8% annual interest rate and provide investors with an equity conversion option and warrant coverage. 

Land Betterment will use the proceeds of the impact note for equipment and working capital to leverage both over $13 million of secured incentives as well as its access to over 13,000 acres in Appalachia and the Midwest to grow its sustainable business pillars including: environmental solutions, recycling, sustainable housing, agriculture, bee farming and craft spirits.

Mark Jensen, Executive Chairman of Land Betterment Corporation commented, “We are extremely excited and passionate to have the opportunity to bring real solutions to these communities in need.  We truly believe our experience in the region and access to land will enable us to drive entrepreneurship, innovation and efficiency in this part of America that is too often overlooked and underserved.  Our solutions are practical, achievable, and aim to build a new, sustainable ecosystem for this part of the country.”

To watch the short video and hear two of Land Betterment’s co-founders discuss the launch of its impact note, visit: https://www.youtube.com/watch?v=YyLZdFP68tI

About Land Betterment Corporation

Land Betterment Corporation, an Indiana Benefit Corporation and Pending B-Corp, is an environmental solutions company focused on fostering a positive impact through upcycling former coal mining sites to create sustainable community development and job creation.  The Company utilizes a complete solution-based lifecycle program to restore and rehabilitate the environment and revitalize communities in need of change and opportunity. Land Betterment accomplishes this by identifying un-reclaimed, run-down and neglected coal mining sites, fixing the environment through reclamation and remediation, and then repurposing the land to support a sustainable business that serves the community.  Land Betterment firmly believes that with real solutions it is possible for restoration of impacted areas to live side-by-side long term employment, while building sustainable and safe surroundings for communities and our planet.  For more information visit landbetterment.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company’s actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements.  These statements are subject to a number of risks and uncertainties, many of which are beyond Land Betterment Corporation’s control.  The words “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”, “anticipates”, “plans”, “expects”, “intends”, “estimates”, or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.  Any forward-looking statements included in this press release are made only as of the date of this release.  The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances.  The Company cannot assure you that the projected results or events will be achieved.

Contact

Mark LaVerghetta
+1 (317) 537-0492
Chief Governance Officer, Corporate Finance
CATEGORY: Environment