CapLease Prices Common Stock Offering
March 25, 2010 09:12 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--CapLease, Inc. (NYSE: LSE)announced today that it has entered
into a definitive agreement with an affiliate of Golden Gate Capital to sell 3,144,654 shares of its common stock at a
negotiated price of $4.77 per share. CapLease estimates that it will receive net proceeds from the offering after
offering expenses of approximately $15 million, which it will use to reduce principal on its recourse debt obligations,
which may include its convertible senior notes and borrowings under its credit agreement with Wells Fargo Bank,
N.A. (as successor to Wachovia Bank, N.A.), and for general corporate purposes. CapLease expects the offering
to close on or about March 30, 2010, subject to customary closing conditions. Upon consummation of the
transaction, CapLease intends to discontinue use of its at-the-market common stock funding facility for the
The shares of common stock will be issued pursuant to a registration statement that has been declared effective by
the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the securities laws of any such state.
This press release contains statements that are forward-looking. Such forward-looking statements involve risks and
uncertainties and actual outcomes may differ materially from those projected. For more information regarding these
risks and uncertainties, review CapLease’s filings with the Securities and Exchange Commission.
About the Company:
CapLease, Inc. is a real estate investment trust, or REIT, that invests primarily in single tenant commercial real estate
assets subject to long-term leases to high credit quality tenants.