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Stock impact report

LXP Industrial Trust Announces Cash Tender Offer for up to a Maximum Aggregate Purchase Price of $150,000,000 of its 6.750% Notes due 2028 [Yahoo! Finance]

LXP Industrial Trust (Maryland REIT) (LXP) 
Last lxp industrial trust (maryland reit) earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.lxp.com
Company Research Source: Yahoo! Finance
real estate investment trust (REIT) focused on Class A warehouse and distribution real estate investments, announced today that it has commenced a tender offer (the “Offer”) to purchase for cash an amount of its 6.750% Notes due 2028 (the “Notes”) with an aggregate purchase price up to $150,000,000 (excluding accrued and unpaid interest, which also will be paid to, but excluding, the applicable settlement date and excluding fees and expenses related to the Offer) (the “Tender Cap”). The following table sets forth some of the terms of the Offer: Title of Security CUSIP Number Principal Amount Outstanding Tender Cap (Purchase Price) Reference U.S. Treasury Security Bloomberg Reference Page Fixed Spread (basis points) Early Tender Premium (per $1,000) 6.750% Notes due 2028 529043 AF8 3.375% UST due 9/15/2028 FIT1 50 bps The applicable page on Bloomberg from which the dealer manager will quote the bid side price of the Reference U. Show less Read more
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