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Physicians Realty prices upsized offering of common shares


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Physicians Realty prices upsized offering of common shares

pricedan upsized public offeringof 22.5 million common shares at $17.85 apiece.

Thecompany expects net proceeds of about $384.9 million from the offering afterdeducting the underwriting discount and commissions and estimated offeringexpenses payable by the company, according to an April 5 news release.

Thecompany also granted the underwriters a 30-day option to purchase up to anadditional 3,375,000 common shares. The common shares will tradeon the NYSE under the ticker symbol DOC.

Theoffering is expected to close on April 11.

PhysiciansRealty plans to use the proceeds from the offering to fund a portion of thepurchase price of the Catholic Health Initiatives property portfolio and forgeneral corporate purposes, as previously reported.

KeyBancCapital Markets, BofA Merrill Lynch, RBC Capital Markets and BMO CapitalMarkets are serving as joint book-running managers for the offering.