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Lexington Realty Trust Announces Pricing Of Public Offering Of $250 Million Of Senior Notes

Stocks in this article: LXP

NEW YORK, May 13, 2014 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) ("Lexington"), a real estate investment trust focused on single-tenant real estate investments, today announced that it has priced an underwritten public offering of $250 million aggregate principal amount of 4.40% senior unsecured notes due June 15, 2024 at a price equal to 99.883% of the principal amount. The offering is expected to close on May 20, 2014, subject to customary closing conditions.

The notes will be guaranteed by Lepercq Corporate Income Fund L.P., an operating partnership subsidiary of Lexington. Lexington intends to use the net proceeds of this offering for general corporate purposes, including to repay certain indebtedness.

J.P. Morgan Securities LLC and Wells Fargo Securities are acting as joint book-running managers of the offering.

This offering will be made under Lexington's existing automatic shelf registration statement filed with the Securities and Exchange Commission. The offering of these securities will be made only by means of a prospectus and a related prospectus supplement, when available. The prospectus supplement related to this public offering will be filed with the Securities and Exchange Commission. Copies of the prospectus and related prospectus supplement may be obtained by contacting J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10017, Attention: Investment Grade Syndicate Desk – 3rd floor or by calling collect at 1-212-834-4533 or Wells Fargo Securities, LLC, 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attention: Capital Markets Client Support or by calling toll free at 1-800-326-5897 or by emailing: cmclientsupport@wellsfargo.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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