Government Properties Income Trust GOV today announced that it
commenced a public offering of 7,000,000 common shares. GOV expects to use the
net proceeds of this offering to repay amounts outstanding under its revolving
credit facility and for general business purposes, including funding potential
acquisitions. It is contemplated that the underwriters will also be granted a
30-day option to purchase up to an additional 1,050,000 common shares.
The joint bookrunning managers for this offering are Morgan Stanley, BofA
Merrill Lynch and RBC Capital Markets. The co-lead managers for this offering
are Citigroup, Jefferies and UBS Investment Bank.
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