Lexington Realty retires $17.6 million 5.45% exchangeables Q4, another $23 million more in 2010

By Susanna Moon

Chicago, Feb. 24 - Lexington Realty Trust said it retired $17.6 million principal amount of its 5.45% exchangeable notes during the fourth quarter of 2009 and another $23 million since that time.

In 2009, Lexington reduced the amount of its 5.45% exchangeables outstanding to about $87.7 million from $211 million.

Subsequent to year-end, Lexington retired an additional $23 million of its 5.45% exchangeables, bringing the balance to about $64.7 million, according to an earnings release for the fourth quarter ended Dec. 31.

Lexington Realty is a New York-based real estate investment trust focused on single-tenant real estate investments.

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