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Physicians Realty Trust announces proposed offering of common shares


Monday, 2 Dec 2013 09:40am EST 

Physicians Realty Trust:Says it intends, subject to market conditions, to offer and sell up to 8,300,000 common shares of beneficial interest.Says the offering is expected to close on Dec. 5.Says it has granted the underwriters a 30-day option to purchase up to an additional 1,245,000 shares to cover overallotments, if any.Says it will contribute the net proceeds of the offering to its operating partnership in exchange for OP units in its operating partnership.Says operating partnership intends to use the net proceeds received from the company to repay about$48.4 million of borrowings under the operating partnership's senior secured credit facility and for working capital purposes. 

Company Quote

16.67
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24 Dec 2014