Lexington Realty Trust (LXP) to Redeen All 5.45% Exchangeable Guaranteed Notes
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Lexington Realty Trust (NYSE: LXP) is notifying holders of its outstanding 5.45% Exchangeable Guaranteed Notes due 2027 (the "Notes") that, pursuant to the terms of the Notes and the indenture governing the Notes, they have the option to require Lexington to purchase, on January 20, 2012 (the "Optional Repurchase Date"), all or a portion of their Notes (the "Repurchase Option") at a price equal to 100% of the principal amount of the Notes, plus any accrued and unpaid interest to, but not including, the Optional Repurchase Date. Lexington will pay for any Notes validly surrendered and not validly withdrawn with cash.
The opportunity to surrender the Notes for purchase pursuant to the Repurchase Option commences today and expires at 5:00 p.m., New York City time, on January 18, 2012, which is the second business day immediately preceding the Optional Repurchase Date. Holders may withdraw any Notes previously surrendered for purchase at any time prior to 5:00 p.m., New York City time, on January 18, 2012.
The opportunity to surrender the Notes for purchase pursuant to the Repurchase Option commences today and expires at 5:00 p.m., New York City time, on January 18, 2012, which is the second business day immediately preceding the Optional Repurchase Date. Holders may withdraw any Notes previously surrendered for purchase at any time prior to 5:00 p.m., New York City time, on January 18, 2012.
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