NEWTON, Mass.--(BUSINESS WIRE)--
Government Properties Income Trust (NYSE: GOV) today announced that it
has commenced a public offering of 12,000,000 common shares. GOV expects
to use the proceeds of this offering to partially repay amounts
outstanding under its new $500 million term loan. It is contemplated
that the underwriters will also be granted a 30-day option to purchase
up to an additional 1,800,000 common shares.
The joint book-running managers for this offering are Citigroup, BofA
Merrill Lynch and Morgan Stanley. The co-lead managers for this offering
are Jefferies, RBC Capital Markets and UBS Investment Bank.
This press release is neither an offer to sell nor 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 any such state or jurisdiction. The preliminary prospectus
relating to the offering and related prospectus are expected to be filed
with the Securities and Exchange Commission, and copies can be obtained
by contacting the offices of: Citigroup, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (800)
831-9146; BofA Merrill Lynch, Attention: Prospectus Department, 222
Broadway, New York, NY 10038, email: dg.prospectus_requests@baml.com; or
Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd
floor, New York, NY, 10014.
Government Properties Income Trust is a real estate investment trust, or
REIT, which primarily owns properties leased to the U.S. Government and
state governments located throughout the United States. GOV is
headquartered in Newton, MA.
WARNING CONCERNING 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:
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ALTHOUGH THIS PRESS RELEASE REFERS TO AN OFFERING OF 12,000,000 COMMON
SHARES, GREATER OR LESS THAN 12,000,000 COMMON SHARES MAY BE SOLD OR
THIS OFFERING MAY BE WITHDRAWN.
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IF GOV AGREES TO SELL COMMON SHARES IN THE OFFERING, THE CLOSING OF
THE OFFERING WILL BE 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, THE SALE OF THE SHARES MAY NOT CLOSE.
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IF GOV AGREES TO SELL COMMON SHARES IN THE OFFERING, GOV'S CURRENT
INTENT TO USE THE PROCEEDS OF THE OFFERING TO PARTIALLY REPAY AMOUNTS
OUTSTANDING UNDER ITS NEW TERM LOAN WILL BE DEPENDENT ON THE CLOSING
OF THE OFFERING AND MAY NOT OCCUR.
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THIS PRESS RELEASE STATES THAT GOV CONTEMPLATES THAT THE UNDERWRITERS
WILL BE GRANTED AN OPTION TO PURCHASE UP TO AN ADDITIONAL 1,800,000
COMMON SHARES. 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 THE UNDERWRITERS WOULD 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.
A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the New York Stock Exchange.
No shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
Government Properties Income Trust
Jason Fredette, 617-219-1410
Director,
Investor Relations
Source: Government Properties Income Trust
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