CapLease (LSE) Prices 10M Common Offering at $5.60/Share

March 31, 2011 6:52 AM EDT
CapLease, Inc. (NYSE: LSE) has priced a 10 million common stock offering at $5.60 per share.

Closing is expected April 5, 2011. CapLease has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of common stock to cover over-allotments, if any.

The price is a 3.6% discount to yesterday's closing price of $5.81.


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