Company: LXP
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000910108-25-000067
Chunk: 34

Company: LXP Industrial Trust
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 34
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 payable, net$50,907 $54,930 UNSECURED DEBT:Term Loan$250,000 $300,000 SOFR + 1.10%(2)(3)January 2027Senior Notes due 2028300,000 300,000 6.750 %November 2028Senior Notes due 2030400,000 400,000 2.700 %September 2030Senior Notes due 2031400,000 400,000 2.375 %October 2031Trust Preferred Securities 100,995 129,120  Three Month SOFR + 1.96%(4)(5)April 2037Principal balance outstanding$1,450,995 $1,529,120 Unamortized debt discount(3,171)(3,731)Unamortized debt issuance costs(7,966)(10,309)Total unsecured debt, net$1,439,858 $1,515,080 Total debt obligations$1,490,765 $1,570,010 (1)    The weighted-average interest rate at September 30, 2025 and December 31, 2024 was approximately 4.1%.(2)     Spread includes a 0.10% daily SOFR adjustment.(3)    During the quarter ended March 31, 2025, the Company repaid $50,000 of the Term Loan, resulting in a loss on debt satisfaction of $350. The SOFR portion of the interest rate was swapped for a fixed interest rate of 4.31% per annum until January 31, 2027. (4)    Interest rate spread contains a 0.26% SOFR adjustment plus a spread of 1.70% through maturity. $82,500 is swapped at an average interest rate of 5.20% from October 30, 2024 to October 30, 2027. As of September 30, 2025, the weighted-average interest rate of the Trust Preferred Securities was 5.40%, which includes the effect of the interest rate swaps. (5)    During the quarter ended June 30, 2025, the Company repurchased $28,125 of the Trust Preferred Securities for a cash payment of $26,940, including accrued interest of $215, which resulted in a gain on debt satisfaction,