MILWAUKEE--(BUSINESS WIRE)--Physicians Realty Trust (NYSE:DOC) (the “Company”) announced on December 2, 2013 (the “Prior Press Release”) that it had commenced a public offering of 8,300,000 common shares of beneficial interest, including up to an additional 1,245,000 common shares granted to the underwriters to cover overallotments, if any. This press release amends and restates in its entirety the Prior Press Release to correct certain statements in the Prior Press Release.
The Company will contribute the net proceeds of this offering to its operating partnership in exchange for OP units in its operating partnership. The Company’s operating partnership intends to use the net proceeds of the offering to repay approximately $48.4 million of borrowings under the operating partnership’s senior secured revolving credit facility, plus amounts borrowed under the facility to fund the closing of the Company’s pending acquisitions and for working capital purposes, including possible future acquisitions and development activities.
A registration statement, including a prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Wunderlich Securities, Inc. and KeyBanc Capital Markets Inc. are serving as joint book-running managers for the offering, Oppenheimer & Co. Inc. and Janney Montgomery Scott LLC are serving as co-lead managers for the offering, and Compass Point Research & Trading LLC, J.J.B. Hilliard, W.L. Lyons, L.L.C., and B.C. Ziegler and Company are serving as co-managers for the offering.
The offering of these securities is being made only by means of a prospectus. Copies of the preliminary prospectus can be obtained from: Wunderlich Securities, Inc., 6000 Poplar Avenue, Suite 150, Memphis, Tennessee 38119 or any other manager of the offering listed above.
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 intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
Forward Looking Statements
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States 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. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances. Investors are referred to the Company’s registration statement on Form S-11 and the Company’s other filings with the Securities and Exchange Commission, copies of which are available at www.sec.gov.