CapLease holders put back $15.8 million 7.5% convertibles due 2027

By Jennifer Chiou

New York, Sept. 28 - CapLease, Inc. announced that holders of $15.8 million of its 7.5% convertible senior notes due 2027 exercised their put option prior to the put deadline of midnight ET on Sept. 27.

Following settlement, $19.2 million of the notes remains outstanding.

The next put option repurchase date is set for Oct. 1, 2017.

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

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