Physicians Realty Trust Increases Credit Line to $200 Million

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Physicians Realty Trust
DOC
("the Company"), a self-managed healthcare properties REIT, announced today that the Company, its operating partnership and certain subsidiaries, entered into the Third Incremental Commitment Agreement and Fourth Amendment (the "Third Incremental Commitment Agreement") to the existing Credit Agreement dated August 29, 2013 with Regions Bank, as Administrative Agent (the "Credit Agreement"). Under this agreement, the Company's operating partnership is acting as borrower and the Company and subsidiaries are acting as guarantors. Subject to certain conditions precedent, the Third Incremental Commitment Agreement increases the borrowing capacity under the Credit Agreement's senior secured revolving credit facility from $140 million to $200 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 Company's operating partnership has the option to increase the borrowing capacity under the revolving credit facility to up to $250 million. "Working with our lenders, we have further enhanced our financial flexibility in order to position Physicians Realty Trust to capitalize on the robust pipeline of investment opportunities we have built through our strong relationships," stated John T. Thomas, CEO of Physicians Realty Trust. "We appreciate the continued support of our banking group and the confidence they have demonstrated in our team. Coupled with our recent capital raise, the increased credit line gives the Company increased flexibility to seek out high quality assets and increase our FFO as we work to provide shareholders with long-term value."
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