CapLease extends tender offer for its 7.5% convertibles due 2027

By Susanna Moon

Chicago, May 10 - CapLease, Inc. said it extended the cash tender offer for its $49,944,000 principal amount of outstanding 7.5% convertible senior notes due 2027 until midnight ET on May 10.

The offer had been scheduled to end at 5 p.m. ET on May 10. It began on April 13.

CapLease said it pushed back the deadline to comply with Securities and Exchange Commission requirements.

Investors had tendered $13.5 million principal amount of the notes as of 5 p.m. ET on May 7, according to a press release.

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

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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