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Lexington Realty Trust Announces Repurchase Option Notification For 5.45% Exchangeable Guaranteed Notes

Stocks in this article: LXP

NEW YORK, Dec. 16, 2011 /PRNewswire/ -- Lexington Realty Trust (NYSE: LXP) (" Lexington") today announced that it 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  Lexington will pay for any Notes validly surrendered and not validly withdrawn with cash.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.

As required by the rules of the Securities and Exchange Commission (the "SEC"), Lexington will file a Tender Offer Statement on Schedule TO with the SEC.  The Tender Offer Statement will include a notice to holders from Lexington (the "Issuer Repurchase Option Notice") specifying the terms and conditions of the Repurchase Option and the procedures to exercise the Repurchase Option.  Holders of Notes are strongly encouraged to read the Issuer Repurchase Option Notice and other relevant documents filed with the SEC before making a decision relating to the Repurchase Option.

None of Lexington, its board of trustees or its employees have made or are making any representation or recommendation to any holder as to whether or not to surrender Notes pursuant to the Repurchase Option.

U.S. Bank National Association is acting as paying agent for the Repurchase Option. Copies of the Issuer Repurchase Option Notice and additional information relating to the Repurchase Option may be obtained from U.S. Bank National Association by calling 1-800-934-6802.

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