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| LXP > SEC Filings for LXP > Form 8-K on 22-Jun-2012 | All Recent SEC Filings |
22-Jun-2012
Entry into a Material Definitive Agreement, Financial Statements and Exhib
Amendment to Credit Agreement
On June 22, 2012, Lexington Realty Trust, which we refer to as the Trust,
entered into the First Amendment to Amended and Restated Agreement, which we
refer to as the Credit Agreement Amendment, by and among the Trust, Lepercq
Corporate Income Fund L.P., or LCIF, and Lepercq Corporate Income Fund II L.P.,
or LCIF II, each of the lenders party thereto, and KeyBank National Association,
or KeyBank, as administrative agent. The Credit Agreement Amendment amends
Section 9.2 of the Amended and Restated Credit Agreement, dated as of January
13, 2012, by and among the Trust, LCIF, and LCIF II, jointly and severally as
borrowers, KeyBank, as agent, and each of the financial institutions initially a
signatory thereto, which we refer to as the Credit Agreement, to add that the
Trust may redeem its Preferred Equity Interests (as defined in the Credit
Agreement) under the stated exceptions to certain restricted payments so long as
no default or event of default under the Credit Agreement would result
therefrom. This exception permits the Trust to redeem its Preferred Equity
Interests without reference to the other stated exceptions. The foregoing
description of the Credit Agreement Amendment is qualified in its entirety by
reference to the Credit Agreement Amendment, a copy of which is attached as
Exhibit 10.1 to this Current Report.
Amendment to Term Loan Agreement
On June 22, 2012, the Trust entered into the First Amendment to Term Loan Agreement, which we refer to as the Term Loan Agreement Amendment, by and among the Trust, LCIF and LCIF II, each of the lenders party thereto, and Wells Fargo Bank, National Association, or Wells Fargo, as administrative agent. The Term Loan Agreement Amendment amends Section 9.2 of the Term Loan Agreement, dated as of January 13, 2012, by and among the Trust, LCIF and LCIF II, jointly and severally as borrowers, Wells Fargo, as agent, and each of the financial institutions initially a signatory thereto, to add that the Trust may redeem its Preferred Equity Interests (as defined in the Term Loan Agreement) under the stated exceptions to certain restricted payments so long as no default or event of default under the Term Loan Agreement would result therefrom. This exception permits the Trust to redeem its Preferred Equity Interests without reference to the other stated exceptions. The foregoing description of the Term Loan Agreement Amendment is qualified in its entirety by reference to the Term Loan Agreement Amendment, a copy of which is attached as Exhibit 10.2 to this Current Report.
(d) Exhibits
10.1 First Amendment to Amended and Restated Agreement, dated as of June 22, 2012, by and among Lexington Realty Trust, Lepercq Corporate Income Fund L.P., and Lepercq Corporate Income Fund II L.P., each of the lenders party thereto, and KeyBank National Association, as administrative agent.
10.2 First Amendment to Term Loan Agreement, dated as of June 22, 2012, by and among Lexington Realty Trust, Lepercq Corporate Income Fund L.P., and Lepercq Corporate Income Fund II L.P., each of the lenders party thereto, and Wells Fargo Bank, National Association, as administrative agent.
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