Government Properties Income Trust Prices $300 Million of 5.875% Senior Notes Due 2046
2016年5月20日 - 7:07AM
ビジネスワイヤ(英語)
Government Properties Income Trust (NYSE: GOV) today announced
that it has priced an underwritten public offering of $300 million
of 5.875% senior unsecured notes due May 1, 2046 (“Notes”).
GOV expects to use the net proceeds from this offering to repay
amounts outstanding under its revolving credit facility and for
general business purposes. The settlement of this offering is
expected to occur on May 26, 2016, subject to customary closing
conditions. GOV granted the underwriters an option to purchase up
to $45 million of additional Notes within 30 days. GOV intends to
apply to list the Notes on the New York Stock Exchange under the
ticker “GOVN” and, if approved, expects trading to begin within 30
days after the original issue date of the Notes.
The joint book-running managers for the offering
were Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Morgan Stanley & Co. LLC, UBS
Securities LLC and Wells Fargo Securities, LLC. The joint lead
managers for the offering were Citigroup Global Markets Inc.,
Jefferies LLC, and RBC Capital Markets LLC. The co-managers
for the offering were Robert W. Baird & Co. Incorporated,
BB&T Capital Markets, a division of BB&T Securities
LLC, D.A. Davidson & Co., FBR Capital Markets &
Co., Janney Montgomery Scott LLC and Oppenheimer &
Co. Inc. The underwriters for the offering were BBVA Securities
Inc., Comerica Securities, Inc., Fifth Third Securities, Inc., FTN
Financial Securities Corp., Lebenthal & Co., LLC, Mizuho
Securities USA Inc., PNC Capital Markets LLC and SMBC Nikko
Securities America, Inc.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, 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 that state or
jurisdiction. Copies of the prospectus supplement relating to this
offering and the related prospectus may be obtained by contacting
the offices of: Merrill Lynch, Pierce, Fenner & Smith
Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte NC 28255-0001, Attn: Prospectus Department, email:
dg.prospectus_requests@baml.com; Morgan Stanley & Co. LLC,
Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014, telephone: (866) 718-1649; UBS Securities LLC,
Attn: Prospectus Department, 1285 Avenue of the Americas, New York,
NY 10019, telephone: (888) 827-7275; or Wells Fargo Securities,
LLC, Attention: WFS Customer Service, 608 2nd Avenue, South
Minneapolis, MN 55042, email: wfscustomerservice@wellsfargo.com,
telephone: (800) 645-3751.
Government Properties Income Trust is a real estate investment
trust, or REIT, which owns properties leased primarily to the U.S.
Government and state governments located throughout the United
States. GOV is managed by the operating subsidiary of The RMR Group
Inc. (NASDAQ: RMR), an alternative asset management company that is
headquartered in Newton, MA.
WARNING REGARDING
FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN
THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE
BASED UPON GOV'S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE
STATEMENTS ARE NOT GUARANTEED. FOR EXAMPLE:
- THIS PRESS RELEASE STATES THAT THE
SETTLEMENT OF THE NOTES OFFERING IS EXPECTED TO OCCUR ON MAY 26,
2016. THE SETTLEMENT OF THIS OFFERING IS SUBJECT TO VARIOUS
CONDITIONS AND CONTINGENCIES AS ARE CUSTOMARY IN UNDERWRITING
AGREEMENTS IN THE UNITED STATES. IF THESE CONDITIONS ARE NOT
SATISFIED OR THE SPECIFIED CONTINGENCIES DO NOT OCCUR, THIS
OFFERING MAY NOT CLOSE.
- THIS PRESS RELEASE STATES THAT GOV HAS
GRANTED THE UNDERWRITERS AN OPTION TO PURCHASE UP TO $45 MILLION OF
ADDITIONAL NOTES. AN IMPLICATION OF THIS STATEMENT MAY BE THAT THIS
OPTION MAY BE EXERCISED IN WHOLE OR IN PART. IN FACT, GOV DOES NOT
KNOW WHETHER OR NOT THE UNDERWRITERS WILL EXERCISE THIS OPTION OR
ANY PART OF IT.
FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED NOT TO
PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS.
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version on businesswire.com: http://www.businesswire.com/news/home/20160519006748/en/
Government Properties Income TrustChristopher Ranjitkar,
617-219-1410Director, Investor Relations
Government Properties Income (NASDAQ:GOV)
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