Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Physicians Realty Trust Prices Upsized IPO At $11.50/share - Quick Facts

Physicians Realty Trust (DOC: Quote) announced the pricing of its initial public offering of 10.43 million common shares of beneficial interest, at a price to the public of $11.50 per share, for a total of about $109.8 million of net proceeds after deducting underwriting discounts and commissions and estimated offering expenses payable by the company. According to recent regulatory filings, the company planned to offer 8.00 million shares in the range of $11.50 to $13.50 per share.

All of the shares are being offered by the company. The shares will be listed on the New York Stock Exchange under the symbol "DOC."

The offering is expected to close on July 24, 2013. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,565,216 shares to cover overallotments, if any.

The company said it will contribute the net proceeds of the offering to its operating partnership in exchange for OP units in its operating partnership. The operating partnership intends to use the net proceeds received from the Company to repay certain indebtedness, purchase the remaining equity interest in the entity that owns one of the Company's properties, pay certain debt transfer fees and fees related to the Company's anticipated credit facility and general corporate and working capital purposes, including expenses associated with the Company's formation transactions and possible future acquisitions and development activities.

Register
To receive FREE breaking news email alerts for Digital Angel Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.