debt
confidence high
sentiment neutral
materiality 0.55
LXP early tender results: $186M tendered vs $150M cap; prorated at 75.3%, $140M principal accepted
LXP Industrial Trust
- LXP will accept $140M aggregate principal of 6.750% Notes due 2028 at total consideration of $1,076.36 per $1,000 (inclusive of $30 early tender premium).
- Proration rate of approximately 75.3% applied due to oversubscription; settlement expected October 20, 2025.
- No Notes tendered after the Early Tender Deadline (Oct 15) will be accepted; Offer expires Oct 30, 2025.
- Original notes outstanding: $300M; Tender Cap of $150M purchase price led to acceptance of $140M principal.