Lexington Realty Trust Announces Repurchase Option Notification for 5.45% Exchangeable Guaranteed Notes
Lexington Realty Trust (NYSE: LXP) today announced that it is notifying holders of its outstanding 5.45% Exchangeable Guaranteed Notes due 2027 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, all or a portion of their Notes 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Lexington will pay for any Notes validly surrendered and not validly withdrawn with cash.
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