Core Points - LXP Industrial Trust announced a tender offer to purchase up to $150,000,000 of its 6.750% Notes due 2028, excluding accrued interest and related fees [1][4][8] - The total consideration for the Notes validly tendered before the Early Tender Deadline is calculated based on a fixed spread and includes an early tender premium of $30.00 per $1,000 [3][5] - The Offer will expire on October 30, 2025, unless extended or terminated earlier by the Company [4] Offer Details - The principal amount of the Notes outstanding is $300,000,000, with a Tender Cap of $150,000,000 [2] - The reference U.S. Treasury Security yield is 3.375%, with a fixed spread of 50 basis points [2] - Due to the Tender Cap being exceeded, the Company will accept approximately $140,000,000 of the Notes validly tendered, applying a proration rate of about 75.3% [8] Tender Process - Holders of Notes who tendered before the Early Tender Deadline will receive accrued interest along with the Total Consideration [6] - Withdrawal rights for the Notes expired on October 15, 2025, at 5:00 p.m. New York City time [7][9] - The settlement for the accepted Notes is expected to occur on October 20, 2025, subject to conditions being met [8]

Core Viewpoint - LXP Industrial Trust has announced early results of its tender offer to purchase up to $150 million of its 6.750% Notes due 2028, with a significant amount already tendered by the early deadline [1][4]. Tender Offer Details - The tender offer has a purchase cap of $150 million, excluding accrued interest and related fees [1]. - The offer will expire on October 30, 2025, unless extended or terminated earlier by the company [3]. - As of the early tender deadline on October 15, 2025, $186,042,000 of the Notes had been validly tendered [2][4]. Financial Considerations - The total consideration for the Notes accepted for purchase will include an early tender premium of $30.00 per $1,000 principal amount [5]. - Holders who tender their Notes after the early deadline will receive a lower consideration without the early tender premium [5]. - The total consideration will be determined on October 16, 2025, based on the fixed spread and yield to maturity of the reference U.S. Treasury Security [5][6]. Eligibility and Interest - Only holders who tendered their Notes by the early deadline are eligible for the total consideration [7]. - Accrued and unpaid interest will also be paid to holders whose Notes are accepted for purchase [7]. Subscription Status - The offer for the Notes has been fully subscribed as of the early tender deadline, and no additional Notes will be accepted after this date [9]. Company Overview - LXP Industrial Trust is a publicly traded REIT focused on Class A warehouse and distribution investments across 12 target markets in the Sunbelt and Midwest [14]. - The company aims to expand its portfolio through acquisitions, development projects, and various real estate transactions [14].

Core Viewpoint - LXP Industrial Trust has initiated a tender offer to purchase up to $150 million of its 6.750% Notes due 2028, indicating a strategic move to manage its debt obligations effectively [1][2]. Offer Details - The tender offer is for an aggregate purchase price of up to $150 million, excluding accrued interest and related fees [1]. - The Notes have a principal amount outstanding of $300 million, with a fixed spread of 50 basis points over the reference U.S. Treasury Security [2]. - The early tender premium is set at $30 per $1,000 principal amount of the Notes accepted for purchase [3]. Timeline and Conditions - The offer will expire on October 30, 2025, unless extended or terminated earlier by the company [2]. - Tenders can be withdrawn until 5:00 p.m. on October 15, 2025, after which withdrawal rights are limited [2]. - The total consideration for validly tendered Notes will be determined on October 16, 2025, and will include accrued interest [3][5]. Acceptance and Proration - Notes will be accepted in principal amounts of $2,000 or integral multiples of $1,000 [4]. - If the total purchase price of validly tendered Notes exceeds the tender cap, proration may occur [8]. - Notes tendered before the early tender deadline will be prioritized for acceptance over those tendered afterward [7]. Company Overview - LXP Industrial Trust is a publicly traded REIT focused on Class A warehouse and distribution investments across 12 target markets in the Sunbelt and Midwest [15]. - The company aims to expand its portfolio through acquisitions, development projects, and sale/leaseback transactions [15].