News Column

Government Properties Income Trust Prices $350 Million of 3.75% Unsecured Senior Notes Due 2019

August 13, 2014

NEWTON, Mass.--(BUSINESS WIRE)-- Government Properties Income Trust (NYSE: GOV) today announced that it has priced an underwritten public offering of $350 million of 3.75% unsecured senior notes due August 15, 2019.

Government Properties Income Trust expects to use the proceeds of this offering to repay the remainder of the new term loan that was used to purchase shares of Select Income REIT and to reduce amounts outstanding under GOV’s revolving credit facility. The settlement of this offering is expected to occur on August 18, 2014, subject to customary closing conditions.

The joint book-running managers for this offering were Citigroup, Jefferies, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities. The joint lead managers for this offering were BofA Merrill Lynch and Morgan Stanley. The co-managers for this offering were BB&T Capital Markets, BBVA, Comerica Securities, SMBC Nikko and Mizuho Securities.

This offering is being made pursuant to an effective shelf registration statement previously filed by Government Properties Income Trust with the Securities and Exchange Commission and only by means of the prospectus supplement and accompanying prospectus, copies of which may be obtained by contacting Citigroup Global Markets Inc., 1155 Long Island Avenue, Edgewood, New York 11717, Attention: Broadridge Financial Solutions, calling toll free at (800) 831-9146 or by emailing batprospectusdept@citi.com; Jefferies LLC, Attn: Prospectus Department, 520 Madison Ave, 2nd Floor, New York, NY 10022, calling toll free at (877) 547-6340, RBC Capital Markets, LLC, Three World Financial Center, 200 Vesey Street, New York, New York 10281, Attn: Debt Capital Markets, calling toll free at (866) 375-6829 or by emailing usdebtcapitalmarkets@rbccm.com; UBS Securities LLC, 299 Park Avenue, New York, New York, Attention: Prospectus Specialist, calling toll free at (877) 827-6444, ext. 561 3884; or Wells Fargo Securities, LLC at 1525 West W.T. Harris Blvd., NC0675, Charlotte, North Carolina 28262, Attn: Capital Markets Client Support, calling toll free at (800) 326-5897 or by emailing cmclientsupport@wellsfargo.com.

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.

GOV is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to the U.S. Government and other government tenants. GOV is headquartered in Newton, Massachusetts.

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 GOV USES WORDS SUCH AS “BELIEVE”, “EXPECT”, “ANTICIPATE”, “INTEND”, “PLAN”, “ESTIMATE”, OR SIMILAR EXPRESSIONS, GOV IS MAKING FORWARD LOOKING STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON GOV’S PRESENT INTENT, BELIEFS OR EXPECTATIONS, BUT FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR. GOV’S ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY THESE FORWARD LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS. FOR EXAMPLE:

  • THIS PRESS RELEASE STATES THAT THE SETTLEMENT OF THIS OFFERING IS EXPECTED TO OCCUR ON AUGUST 18, 2014. 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 BE DELAYED OR MAY NOT BE COMPLETED.
  • GOV’S CURRENT INTENT TO USE THE PROCEEDS TO REPAY THE REMAINDER OF THE NEW TERM LOAN THAT WAS USED TO PURCHASE SHARES OF SELECT INCOME REIT AND TO REDUCE AMOUNTS OUTSTANDING UNDER GOV’S REVOLVING CREDIT FACILITY IS DEPENDENT ON THE COMPLETION OF THIS OFFERING AND MAY NOT OCCUR.

    THE INFORMATION CONTAINED IN GOV’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION, INCLUDING UNDER “RISK FACTORS” IN GOV’S PERIODIC REPORTS, OR INCORPORATED THEREIN, IDENTIFIES OTHER IMPORTANT FACTORS THAT COULD CAUSE GOV’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN ITS FORWARD LOOKING STATEMENTS. GOV’S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION ARE AVAILABLE ON ITS WEBSITE AT WWW.SEC.GOV.

    YOU SHOULD NOT PLACE UNDUE RELIANCE UPON GOV’S FORWARD LOOKING STATEMENTS.

    EXCEPT AS REQUIRED BY LAW, GOV DOES NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

    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, 617-219-1440

    Director, Investor Relations

    Source: Government Properties Income Trust


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