Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
DOC > SEC Filings for DOC > Form 8-K on 25-Feb-2014All Recent SEC Filings

Show all filings for PHYSICIANS REALTY TRUST

Form 8-K for PHYSICIANS REALTY TRUST


25-Feb-2014

Entry into a Material Definitive Agreement, Completion of Acquisition or


Item 1.01 Entry into a Material Definitive Agreement.

The information set forth in Item 2.03 of this Current Report on Form 8-K is incorporated herein by reference.



Item 2.01. Completion of Acquisition or Disposition of Assets.

On February 19, 2014, Physicians Realty Trust (the "Company") through its operating partnership, Physicians Realty L.P.(the "Operating Partnership"), closed an agreement of sale and purchase with Steele Properties I, LLC and Collyn Williams to purchase the Eagles Landing Family Practice medical office buildings located in McDonough, Jackson and Conyers, Georgia. The closing was subject to customary closing conditions, including accuracy of representations, the buyer and the tenant agreeing on the terms, conditions and form of a new, absolute net master lease and satisfaction of due diligence investigations. The medical office buildings occupy approximately 68,711 square feet and were acquired for approximately $20.8 million in cash. As of February 19, 2014, the properties were 100% leased.

A copy of the press release announcing the transaction is filed as Exhibit 99.1 to this report.



Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On February 21, 2014, the Operating Partnership, as borrower and the Company and certain subsidiaries of the Company as guarantors entered into the Second Incremental Commitment Agreement and Third Amendment (the "Second Incremental Commitment Agreement) to the existing Credit Agreement dated August 29, 2013 with Regions Bank, as Administrative Agent (the "Credit Agreement").

Subject to certain conditions precedent, the Second Incremental Commitment Agreement increases the borrowing capacity under the Credit Agreement's senior secured revolving credit facility from $90 million to $140 million. All other material terms of the Credit Agreement remain substantially unchanged. Under the existing Credit Agreement and subject to satisfaction of certain conditions, including additional lender commitments, the Operating Partnership has the option to increase the borrowing capacity under the revolving credit facility to up to $250 million.

The foregoing description of the Second Incremental Commitment Agreement does not purport to be complete and is qualified in its entirety by reference to Second Incremental Commitment Agreement, which is filed as Exhibit 10.1 to this report and incorporated herein by reference.



Item 9.01. Financial Statement and Exhibits

(a) Financial Statements of Property Acquired.

The following Statement of Revenues and Certain Direct Operating Expenses was provided as part of the Company's Prospectus filed pursuant to Rule 424(b)(4) on December 6, 2013 and is incorporated by reference

Independent Auditors' Report

Statement of Revenues and Certain Direct Operating Expenses for the nine months ended September 30, 2013 (unaudited) and year ended December 31, 2012

Notes to the Statement of Revenues and Certain Direct Operating Expenses for the nine months ended September 30, 2013 (unaudited) and year ended December 31, 2012


(b) Pro Forma Financial Information.

The pro forma financial information was provided as part of the Company's Prospectus filed pursuant to Rule 424(b)(4) on December 6, 2013 and is incorporated by reference

Unaudited Pro Forma Consolidated Balance Sheet as of September 30, 2013

Unaudited Pro Forma Consolidated Statement of Operations for the nine months ended September 30, 2013

Unaudited Pro Forma Consolidated Statement of Operations for the year ended December 31, 2012

(d) Exhibits

10.1 Second Incremental Commitment Agreement and Third Amendment, dated February 21, 2014 among Physician Realty L.P. as Borrower, Physicians Realty Trust, certain Subsidiaries and other Affiliates of the Borrower, as Guarantors, the Lenders party thereto and Regions Bank as Administrative Agent

99.1 Press Release, dated February 19, 2014, issued by Physicians Realty Trust


  Add DOC to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for DOC - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.