Lexington Realty Trust Announces Expiration and Final Results of Cash Tender Offers for up to $300.0 Million Combined Aggregate Principal Amount of its 4.25% Senior Notes due 2023 and 4.40% Senior Notes due 2024

NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE: LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced the expiration and final results of its previously announced cash tender offers (the “Tender Offers”) to purchase up to $300.0 million combined aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 4.25% Senior Notes due 2023 (the “2023 Notes”) and 4.40% Senior Notes due 2024 (the “2024 Notes,” and together with the 2023 Notes, the “Notes”). The Tender Offers expired at 11:59 p.m., New York City time, at the end of the day on September 11, 2020 (the “Expiration Time”).

The terms and conditions of the Tender Offers are described in the Offer to Purchase, dated August 14, 2020 (the “Offer to Purchase”) and related Letter of Transmittal (the “Letter of Transmittal”).

The table below identifies the principal amount of each series of the Notes validly tendered and not validly withdrawn after 5:00 p.m., New York City time, on August 27, 2020 (the “Early Tender Time”), but on or prior to the Expiration Time, and the principal amount of each series that Lexington has accepted for purchase.

CUSIP Number	Title of Security	Aggregate Principal Amount Outstanding		Acceptance Priority Level	Principal Amount Tendered		Principal Amount Accepted
529043AC5	4.25% Senior Notes due 2023	$250,000,000		1	$155,000		$155,000
529043AD3	4.40% Senior Notes due 2024	$250,000,000		2	$150,000		$150,000

Lexington previously announced the early settlement on August 31, 2020 for Notes validly tendered and accepted as of the Early Tender Time. Taking into account Notes purchased upon early settlement, a total of $61,244,000, or 24.50%, of the aggregate principal amount of outstanding 2023 Notes and a total of $51,068,000, or 20.43%, of the aggregate principal amount of outstanding 2024 Notes have been validly tendered and not validly withdrawn and purchased or accepted for purchase pursuant to the Tender Offers as of the Expiration Time.