Lexington Realty buys back $76.6 million of its 5.45% exchangeables

By Devika Patel

Knoxville, Tenn., Aug. 7 - Lexington Realty Trust repurchased $76.6 million of its 5.45% exchangeable notes due 2027 for $59.4 million in the six months ended June 30, according to a 10-Q filed Friday with the Securities and Exchange Commission.

The repurchases resulted in a $14 million gain.

There were $134.4 million of the notes outstanding as of June 30.

Lexington Realty previously reported on June 3 that it had repurchased $46.6 million of the exchangeables at an 18.1% discount during the second quarter up until that point, leaving $141.9 million principal amount of the exchangeables outstanding.

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

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