Select Income REIT Prices $350 Million of 4.250% Senior Notes Due 2024
10 Mai 2017 - 10:40PM
Business Wire
Select Income REIT (Nasdaq: SIR) today announced that it has
priced an underwritten public offering of $350 million of 4.250%
senior unsecured notes due May 15, 2024 (“Notes”). SIR expects to
use the net proceeds from this offering to repay amounts
outstanding under its revolving credit facility and for general
business purposes. The settlement of this offering is expected to
occur on May 15, 2017, subject to customary closing conditions.
The joint book-running managers for this offering were Merrill
Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital
Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC, BBVA
Securities Inc., Mizuho Securities USA LLC, PNC Capital
Markets LLC, Regions Securities LLC and U.S. Bancorp
Investments, Inc. The joint lead managers for this offering were
Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC. The
co-managers for this offering were BB&T Capital Markets, a
division of BB&T Securities, LLC, SMBC Nikko
Securities America, Inc., Fifth Third Securities,
Inc. and FTN Financial Securities Corp.
This press release shall not constitute an offer to sell or 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 that state or
jurisdiction. Copies of the prospectus supplement relating to this
offering and the related prospectus may be obtained by contacting
the offices of: Merrill Lynch, Pierce, Fenner & Smith
Incorporated, NC1-004-03-43, 200 North College Street, 3rd floor,
Charlotte, NC 28255-0001, Attention: Prospectus Department,
telephone: (800) 294-1322 or by emailing
dg.prospectus_requests@baml.com; RBC Capital Markets,
LLC, Three World Financial Center, 200 Vesey
Street, New York, NY 10281, Attention: Debt Capital
Markets, telephone: (866) 375-6829 or
email: rbcnyfixedincomeprospectus@rbccm.com; UBS Securities
LLC, Attention: Prospectus Department, 1285 Avenue of the Americas,
New York, NY 10019, telephone: (888) 827-7275; and Wells Fargo
Securities, LLC, Attention: WFS Customer Service, 608 2nd Avenue
South, Suite 1000, Minneapolis, MN 55402, telephone: (800) 645-3751
or email: wfscustomerservice@wellsfargo.com.
Select Income REIT is a real estate investment trust, or REIT,
which owns properties that are primarily leased to single tenants.
SIR is managed by the operating subsidiary of The RMR Group Inc.
(Nasdaq: RMR), an alternative asset management company that is
headquartered in Newton, MA.
WARNING CONCERNING
FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD
LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO,
WHENEVER SIR USES WORDS SUCH AS “BELIEVE”, “EXPECT”, “ANTICIPATE”,
“INTEND”, “PLAN”, “ESTIMATE”, “WILL”, “MAY” AND NEGATIVES OR
DERIVATIVES OF THESE OR SIMILAR EXPRESSIONS, SIR IS MAKING FORWARD
LOOKING STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON
SIR’S PRESENT INTENT, BELIEFS OR EXPECTATIONS, BUT FORWARD LOOKING
STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR.
ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN
OR IMPLIED BY SIR’S FORWARD LOOKING STATEMENTS AS A RESULT OF
VARIOUS FACTORS. FOR EXAMPLE:
- THIS PRESS RELEASE STATES THAT THE
SETTLEMENT OF THE NOTES OFFERING IS EXPECTED TO OCCUR ON MAY 15,
2017. THE SETTLEMENT OF THIS OFFERING IS 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, THIS
OFFERING MAY NOT CLOSE.
- SIR’S CURRENT INTENT TO USE THE NET
PROCEEDS FROM THIS OFFERING TO REPAY AMOUNTS OUTSTANDING UNDER ITS
UNSECURED REVOLVING CREDIT FACILITY AND FOR GENERAL BUSINESS
PURPOSES IS DEPENDENT ON THE CLOSING OF THIS OFFERING AND MAY NOT
OCCUR.
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 Nasdaq.No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
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version on businesswire.com: http://www.businesswire.com/news/home/20170510006614/en/
Select Income REITChristopher Ranjitkar, 617-796-8320Director,
Investor Relations
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