Attached files
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| EX-10.1 - LEXINGTON REALTY TRUST | exhibit.htm |
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
Current
Report Pursuant
to
Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of
report (Date of earliest event reported): June 29, 2010
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LEXINGTON REALTY TRUST
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(Exact
Name of Registrant as Specified in Its Charter)
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Maryland
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1-12386
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13-3717318
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification Number) |
| One Penn Plaza, Suite 4015, New York, New York |
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10119-4015
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(212)
692-7200
(Registrant's
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions
___ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
___ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
___ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
___ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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On June
29, 2010, Lexington Realty Trust, or the Trust, Lepercq Corporate Income Fund
L.P., Lepercq Corporate Income Fund II L.P., and Net 3 Acquisition L.P., jointly
and severally as borrowers, KeyBank National Association, as agent, and each of
the financial institutions a signatory thereto together entered into the First
Amendment to Credit Agreement relating to the original Credit Agreement, dated
February 13, 2010.
Under the
original Credit Agreement, the Trust, with the consent of the lenders, had the
ability to increase the size of (1) the term loan portion by $135.0 million and
(2) the revolving loan portion by $115.0 million (or $250.0 million in the
aggregate, for a total facility size of $500.0 million) by adding properties to
the borrowing base.
The First
Amendment provides (1) for the addition of a commitment from TD Bank, N.A. in
the amount of $25.0 million for the revolving loan portion and (2) that the term
loan portion of the Credit Agreement may not be increased, but the revolving
loan portion may be increased to $335.0 million by adding properties to the
borrowing base. The current capacity of the revolving loan is $175.0
million. No additional borrowings were made by the Trust in
connection with the First Amendment and, as of June 30, 2010, $80.0 million was
outstanding under the term loan portion and no borrowings were outstanding under
the revolving loan portion.
The
foregoing description of the First Amendment is qualified in its entirety by
reference to the copy attached as Exhibit 10.1 to this Current Report on Form
8-K.
Item
9.01. Financial
Statements and Exhibits.
(d) Exhibits
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10.1
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First
Amendment to Credit Agreement, dated June 29,
2010
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, each registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Lexington
Realty Trust
Date:
July 1,
2010 By: /s/ Patrick
Carroll
Patrick Carroll
Chief Financial Officer
Exhibit
Index
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10.1 First
Amendment to Credit Agreement, dated June 29,
2010
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