NEW YORK, Jan. 31, 2014 (GLOBE NEWSWIRE) -- Lexington Realty Trust ("Lexington") (NYSE:LXP), a real estate investment trust (REIT) focused on single-tenant real estate investments, today announced that it has commenced a registered exchange offer to exchange any and all of its outstanding 4.25% Senior Notes due 2023 (the "Private Notes") that were issued in a private placement for an equal principal amount of new 4.25% Senior Notes due 2023 (the "Registered Notes") that have been registered under the Securities Act of 1933, as amended.
The sole purpose of the exchange offer is to fulfill Lexington's obligations under a registration rights agreement with respect to exchanging the Private Notes for Registered Notes containing terms that are substantially identical to the Private Notes. Any Private Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest, but will not retain any rights under the registration rights agreement except in limited circumstances.
The terms of the exchange offer are contained in the exchange offer prospectus dated January 31, 2014. The exchange offer will expire at 5:00 p.m., New York City time, March 4, 2014, unless extended. Private Notes tendered pursuant to the exchange offer may be withdrawn at any time prior to the expiration date by following the procedures set forth in the exchange offer prospectus.Requests for assistance or for copies of the exchange offer prospectus should be directed to the exchange agent: U.S. Bank National Association, 100 Wall Street, 16 th Floor, New York, NY 10005, Attention: William G. Keenan, Vice President, Reference: Lexington Realty Trust, 4.25% Senior Notes due 2023. This press release shall not constitute an offer to sell or exchange any securities or a solicitation of an offer to buy or exchange any securities and no recommendation is made as to whether or not holders of Private Notes should exchange them for Registered Notes in the exchange offer. The exchange offer will be made only by means of a written prospectus and related letter of transmittal, copies of which are being provided to holders of the Private Notes.