LXP Industrial Trust Commences $150mln Tender Offer for 6.75% Notes due 2028.

LXP Industrial Trust has commenced a tender offer to purchase up to $150m of its 6.750% Notes due 2028. The offer will exclude accrued and unpaid interest and fees. The principal terms of the offer include a reference US Treasury security, a fixed spread, and an early tender premium of $30 per $1,000. The offer has a tender cap of $150m.

LXP Industrial Trust (NYSE: LXP), a real estate investment trust (REIT) specializing in Class A warehouse and distribution real estate, has announced a cash tender offer to purchase up to $150 million of its 6.750% Notes due 2028. The offer, which commenced on October 1, 2025, is subject to various terms and conditions, including a reference to a U.S. Treasury security and a fixed spread.

The tender offer, which expires at 5:00 p.m. New York City time on October 30, 2025, unless extended, allows note holders to tender their notes for cash. The consideration for validly tendered notes will be determined by a fixed spread plus the yield to maturity of the reference U.S. Treasury security, with an early tender premium of $30 per $1,000 principal amount of notes accepted for purchase.

Holders who tender their notes before the early tender deadline of October 15, 2025, will receive the total consideration plus an early tender premium. Notes tendered after this deadline will only receive the applicable tender offer consideration, which is equal to the total consideration minus the early tender premium.

The settlement date for notes tendered before the early tender deadline is expected to be October 20, 2025, while notes tendered after this deadline will be settled on November 3, 2025, subject to all conditions to the offer being satisfied or waived by the company. The tender cap of $150 million will be adhered to, and the company reserves the right to increase or decrease this cap without extending the withdrawal deadline.

The offer is not subject to a minimum tender condition and is subject to the satisfaction or waiver of certain conditions as set forth in the offer to purchase. Investors are encouraged to carefully read the offer to purchase document, which can be obtained from the information and tender agent, D.F. King & Co., Inc. 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^[1]