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CapLease Completes Debt Repurchase, Asset Sales
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NEW YORK (AP) — CapLease Inc., a real estate investment trust, said Friday it repurchased an additional $10.3 million of debt, and sold two assets: a laboratory in Utah, and a long-term mortgage loan on a property in Massachusetts.
The asset sales will result in net proceeds to the company of $42.3 million, New York-based CapLease said.
The debt repurchase involves $10.3 million of CapLease's $75 million in convertible senior notes for about $5.4 million in cash, plus accrued interest on the notes. ...
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