CapLease Announces Put Option Notification for 7.50% Convertible Senior Notes
CapLease (NYSE: LSE) today announced that it is notifying holders of its outstanding 7.50% Convertible Senior 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 the Company to purchase, on October 1, 2012 (the “Repurchase Date”), all or a portion of their Notes (the “Put 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 Repurchase Date. The Company will pay for any Notes validly surrendered and not validly withdrawn with cash.
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