Lexington Realty buys back $36.5 million of its 5.45% exchangeable notes at a discount

By Devika Patel

Knoxville, Tenn., May 7 - Lexington Realty Trust repurchased $22.5 million of its 5.45% exchangeable notes at a 34.1% discount in the first quarter, according to a company earnings report.

Lexington repurchased an additional $14 million of these notes at a 25.5% discount after the first quarter.

There are $174.5 million of the notes outstanding after these purchases.

Lexington Realty is a New York-based real estate investment trust.

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