Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Paraná SA > News item |
LXP Industrial Trust to repay $25 million revolver with note proceeds
By Mary-Katherine Stinson
Lexington, Ky., Nov. 2 – LXP Industrial Trust plans to use the proceeds from a dollar-denominated senior note offering to pay down its revolving credit facility, which totaled $25 million outstanding as of Nov. 2, according to a 424B5 filing with the Securities and Exchange Commission.
The revolver bears interest at SOFR plus a margin ranging from 72.5 basis points to 140 bps depending on LXP’s debt rating. It matures on July 5, 2026 but can be extended to July 5, 2027 subject to certain conditions.
LXP is a Maryland real estate investment trust focused on single-tenant warehouse/distribution real estate. Based in New York City, it was formerly known as Lexington Realty Trust.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.