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Physicians Realty Trust Announces Amendment and Extension of Credit Agreement

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Announces Commencement of Rent on Kennewick MOB

Physicians Realty Trust (NYSE:DOC) (the "Company," the "Trust," "we,"
"our" and "us"), a self-managed healthcare real estate investment trust,
today announced that it entered into an amended and restated credit
agreement (the "Credit Agreement"), extending the maturity date of the
Credit Agreement from September 18, 2020 to September 18, 2022. In
addition, the Credit Agreement reduces the per annum interest rate under
both the revolving and term loan provisions of the facility and modifies
several financial covenants.

Borrowings under the Credit Agreement bear interest on the outstanding
principal amount at a rate equal to LIBOR plus 0.775% to 1.45% for the
revolving credit facility and LIBOR plus 0.85% to 1.65% for the term
loan facility, in each case, determined based on the range into which
the borrower's credit rating then falls. Based on the Company's current
credit rating, borrowings under the revolving and term loan features of
the Credit Agreement will result in savings of 10 and 55 basis points,
respectively, relative to the Company's legacy credit agreement dated
June 2016.

Jeff Theiler, Executive Vice President and Chief Financial Officer of
the Trust, commented, "We appreciate the support shown by our banking
partners throughout this process, with all members of our legacy
facility electing to continue their participation in this amendment. In
addition to extending the maturity date of the revolving component of
the Credit Facility to 2022, this transaction reduces interest costs
across both our revolver and term loan. Including the benefit of our
LIBOR hedges put in place in 2016, the fixed all-in rate for the 5 year
term loan drops to 2.32%. This amendment also removes or favorably
modifies several financial covenants, which provides strategic
flexibility to the Company."

The Amended Credit Facility was arranged by KeyBanc Capital Markets
Inc., BMO Capital Markets, and Citizens Bank, N.A. as the Joint Lead
Arrangers. KeyBank National Association is the Administrative Agent. BMO
Capital Markets and Citizens Bank, N.A. were the Co-Syndication Agents.
Other lenders included; Bank of America, N.A., Raymond James Bank N.A.,
Royal Bank of Canada, Regions Capital Markets, Branch Banking & Trust
Company, Crédit Agricole Corporate and Investment Bank, J.P. Morgan
Chase Bank, N.A., Morgan Stanley Bank, N.A., PNC Bank, N.A., Comerica
Bank, The Huntington National Bank, Associated Bank, N.A., and Synovus
Bank.

Other Recent Events

On August 3, 2018, the Company completed the execution of an eight-year
absolute net lease with an affiliate of RCCH Healthcare Partners
("RCCH"), who acquired Kennewick, Washington-based Trios Health through
a joint venture with Seattle, Washington-based University of Washington
Medicine, for 100% of the Company's 160,000 rentable square foot medical
office building (the "Kennewick MOB") on the campus of and attached to
the Trios Southridge Hospital. The RCCH lease commenced immediately as
of that date, with RCCH paying the first month's rent and making the
required $500,000 security deposit. The lease includes provisions for
five separate five-year lease renewal terms. The lease is fully
guaranteed by an affiliate of RCCH. In addition to the RCCH lease, Trios
Health conveyed to the Company the fee simple interest in the
approximately 4.89 acre parcel of land on which the Kennewick MOB and
accompanying surface parking are situated, replacing the ground lease
between Trios Health and the Company, for no additional consideration.

About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company
organized to acquire, selectively develop, own, and manage healthcare
properties that are leased to physicians, hospitals, and healthcare
delivery systems. The Company invests in real estate that is integral to
providing high quality healthcare. The Company conducts its business
through an UPREIT structure in which its properties are owned by
Physicians Realty L.P., a Delaware limited partnership (the "operating
partnership"), directly or through limited partnerships, limited
liability companies, or other subsidiaries. The Company is the sole
general partner of the operating partnership and, as of June 30, 2018,
owned approximately 97.1% of the partnership interests in the operating
partnership.

Investors are encouraged to visit the Investor Relations portion of the
Company's website (www.docreit.com)
for additional information, including Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and
amendments to those reports filed or furnished pursuant to Section 13(a)
or 15(d) of the Securities Exchange Act of 1934, as amended, press
releases, supplemental information packages and investor presentations.

Forward-Looking Statements

This press release contains statements that are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements may
be identified by the use of words such as "anticipate", "believe",
"expect", "estimate", "plan", "outlook", "continue", and "project" and
other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These forward
looking statements may include statements regarding the Company's
strategic and operational plans, the Company's ability to generate
internal and external growth, the future outlook, anticipated cash
returns, cap rates or yields on properties, anticipated closing of
property acquisitions, and ability to execute its business plan. While
forward-looking statements reflect our good faith beliefs, they are not
guarantees of future performance. Forward looking statements should not
be read as a guarantee of future performance or results, and will not
necessarily be accurate indications of the times at, or by, which such
performance or results will be achieved. Forward looking statements are
based on information available at the time those statements are made
and/or management's good faith belief as of that time with respect to
future events, and are subject to risks and uncertainties that could
cause actual performance or results to differ materially from those
expressed in or suggested by the forward looking statements. These
forward-looking statements are subject to various risks and
uncertainties, not all of which are known to the Company and many of
which are beyond the Company's control, which could cause actual results
to differ materially from such statements. These risks and uncertainties
are described in greater detail in the Company's filings with the
Securities and Exchange Commission (the "Commission"), including,
without limitation, the Company's annual and periodic reports and other
documents filed with the Commission. Unless legally required, the
Company disclaims any obligation to update any forward-looking
statements after the date of this release, whether as a result of new
information, future events or otherwise. For a description of factors
that may cause the Company's actual results or performance to differ
from its forward-looking statements, please review the information under
the heading "Risk Factors" included in the Company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2017, filed by the
Company with the Commission on March 1, 2018, and in the Company's
Quarterly Report on Form 10-Q for the fiscal quarters ended March 31,
2018 and June 30, 2018, filed by the Company with the Commission on May
4, 2018 and August 3, 2018, respectively.

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