Lexington Realty Trust selling $250 million 10-year senior notes

By Aleesia Forni

Virginia Beach, May 13 - Lexington Realty Trust is expected to sell $250 million of senior notes due 2024, according to a 424B5 filed with the Securities and Exchange Commission.

J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.

The notes are guaranteed by Lepercq Corporate Income Fund LP.

Proceeds will be used to repay secured borrowings, to pay down amounts outstanding under the company's revolving credit facility and for other general corporate purposes

The real estate investment trust for office, industrial and retail properties is based in New York City.

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