On October 16, 2025, LXP Industrial Trust announced the pricing of a cash tender offer to repurchase up to $150 million of its 6.750% Notes due 2028. The offer, which was previously announced on October 1, allows holders to tender their notes for cash, with an aggregate purchase price capped at $150 million (excluding accrued and unpaid interest).
The tender offer will expire at 5:00 p.m. New York City time on October 30, 2025, unless the company extends or terminates it earlier. The company stated that the total consideration for notes tendered and accepted will be determined based on the fixed spread and the yield to maturity of the reference U.S. Treasury security, and that an early tender premium of $30 per $1,000 principal will apply. The pricing, the amount of notes accepted, and the approximate proration rate will be announced on the same day, October 16.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.