Physicians Realty Trust Announces Public Offering of 17,000,000 Common Shares
January 19 2016 - 4:20PM
Business Wire
Physicians Realty Trust (NYSE:DOC) (“the Company”), a
self-managed healthcare real estate company, announced today that
it has commenced a public offering of 17,000,000 common shares of
beneficial interest. The Company also plans to grant the
underwriters a 30-day option to purchase up to an additional
2,550,000 common shares. All of the common shares in the public
offering are being offered by the Company and will trade on the
NYSE under the ticker symbol “DOC.”
The Company will contribute the net proceeds of this offering to
its operating partnership in exchange for common units in its
operating partnership. The Company’s operating partnership intends
to use the net proceeds of the offering to repay a portion of its
borrowings under the Company’s unsecured credit facility and for
general corporate purposes, including working capital and
investment in real estate.
KeyBanc Capital Markets, BofA Merrill Lynch, and BMO Capital
Markets are serving as joint book-running managers for the
offering.
The offering is being made pursuant to the Company’s automatic
shelf registration statement filed with the Securities and
Exchange Commission (the "Commission"), which became effective on
June 17, 2015. Copies of the preliminary prospectus supplement and
accompanying prospectus may be obtained from
the Commission's website at www.sec.gov or by
contacting: KeyBanc Capital Markets Inc., 127 Public Square, 4th
Floor, Cleveland, OH 44114; BofA Merrill Lynch, 222 Broadway, New
York, NY 10038, Attn: Prospectus Department,
dg.prospectus_requests@baml.com; or BMO Capital Markets Corp., 3
Times Square, 25th Floor, New York, NY 10036, Attention: Syndicate
Department, Telephone: (800) 414-3627, or by email at
bmoprospectus@bmo.com.
This press release is not an offer to sell, nor a solicitation
of an offer to buy securities, nor shall there be any sale of these
securities in any state or jurisdiction in which the offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction.
About Physicians Realty Trust
Physicians Realty Trust is a self-managed healthcare real estate
company organized to acquire, selectively develop, own and manage
healthcare properties that are leased to physicians, hospitals and
healthcare delivery systems. The Company invests in real estate
that is integral to providing high quality healthcare. The Company
is a Maryland real estate investment trust and has elected to be
taxed as a REIT for U.S. federal income tax purposes. The Company
conducts its business through an UPREIT structure in which its
properties are owned by Physicians Realty L.P., a Delaware limited
partnership (the “operating partnership”), directly or through
limited partnerships, limited liability companies or other
subsidiaries.
Forward-Looking Statements
This press release contains statements that are “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”,
and “project” and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These forward looking statements include any
statements regarding the Company’s strategic and operational plans.
Forward looking statements should not be read as a guarantee of
future performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward looking statements are based on
information available at the time those statements are made and/or
management’s good faith belief as of that time with respect to
future events, and are subject to risks and uncertainties that
could cause actual performance or results to differ materially from
those expressed in or suggested by the forward looking statements.
These forward looking statements include any statements regarding
the Company’s strategic and operational plans. These
forward-looking statements are subject to various risks and
uncertainties, not all of which are known to the Company and many
of which are beyond the Company’s control, which could cause actual
results to differ materially from such statements. These risks and
uncertainties are described in greater detail in the Company’s
filings with the Commission, including, without limitation, the
Company’s annual and periodic reports and other documents filed
with the Commission. Unless legally required, the Company disclaims
any obligation to update any forward-looking statements, whether as
a result of new information, future events or otherwise. Completion
of the offering on the terms described, and the application of net
proceeds, are subject to numerous conditions, many of which are
beyond the control of the Company, including, without limitation,
general economic conditions, market conditions and other factors,
including those factors discussed in the preliminary prospectus
supplement and accompanying prospectus and in the Company’s annual
and periodic reports and other documents filed with the Commission,
copies of which are available on the Commission’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements after the date of this release.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160119006852/en/
Physicians Realty TrustJohn T.
Thomas, 214-549-6611President and CEOorJeff N. Theiler,
414-367-5610Executive Vice President and CFO
Healthpeak Properties (NYSE:DOC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Healthpeak Properties (NYSE:DOC)
Historical Stock Chart
From Apr 2023 to Apr 2024