Company: LXP
Filing Date: 2025-10-16
Form Type: 8-K
Source: 0000910108-25-000058
Chunk: 0

Company: LXP Industrial Trust
Filing Date: 2025-10-16
Form: 8-K
Item: Item 8.01
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Item 8.01. Financial Statements and Exhibits.

On October 15, 2025, LXP Industrial Trust (“ LXP”), issued a press release announcing the early tender results for the previously announced cash tender offer (the “ Offer”) to purchase for cash an amount of its outstanding $300 million 6.750% Notes due 2028 (the “ Notes”), with an aggregate purchase price of up to $150 million (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 Offer is being made exclusively pursuant to an offer to purchase, dated October 1, 2025, which sets forth the terms and conditions of the Offer.

As of 5:00 p. m., New York City time, on October 15, 2025 (the “ Early Tender Deadline”), $186,042,000 aggregate principal amount of the Notes had been validly tendered and not validly withdrawn in the Offer. Since the Offer was fully subscribed as of the Early Tender Deadline, LXP will not accept for purchase any Notes validly tendered after the Early Tender Deadline. The Offer will expire at 5:00 p. m., New York City time, on October 30, 2025, unless extended or earlier terminated by LXP in its sole discretion.

On October 16, 2025, LXP also issued a press release announcing the pricing of the Offer. Because the aggregate purchase price of all of the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline exceeds the Tender Cap, LXP will not accept for purchase all of the Notes that have been validly tendered and not validly withdrawn and will only accept for purchase the principal amount of the Notes with an aggregate purchase price up to the Tender Cap. Accordingly, the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline will be subject to proration as described in the Offer to Purchase. LXP will use a proration rate of approximately 75.3% for the Notes and will accept $140,000,000 aggregate principal amount of the Notes for purchase as permitted by applicable law. LXP expects the settlement of all Notes accepted for purchase to occur on October 20, 2025, subject to all conditions to the Offer having been satisfied or waived.

Copies of the press releases announcing early tender results and pricing are