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Lexington Realty to price senior notes via Wells Fargo, JPMorgan
By Devika Patel
Knoxville, Tenn., Aug. 14 – Lexington Realty Trust plans to offer dollar-denominated senior notes, according to a 424B5 filing with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
The bookrunners are Wells Fargo Securities LLC and J.P. Morgan Securities LLC.
Proceeds will fund a cash tender offer for up to $300 million of the company’s $250 million of 4.25% senior notes due 2023 and its $250 million of 4.4% senior notes due 2024.
Lexington is a New York-based real estate investment trust for office, industrial and retail properties.
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