CapLease launches tender offer for its 7.5% convertibles due 2027

By Susanna Moon

Chicago, April 13 - CapLease, Inc. said it began a cash tender offer for its $49,944,000 principal amount of outstanding 7.5% convertible senior notes due 2027.

The company said it will pay par plus accrued interest to the purchase date.

The tender offer will expire at 5 p.m. ET on May 10.

Funding for the offer will come from cash on hand.

The offer is not conditioned upon any minimum tender amount.

D.F. King & Co., Inc. (800 967-4617 or for banks and brokers 212 269-5550) is the information agent for the tender offer.

CapLease is a New York-based real estate investment trust.

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