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Physicians Realty Trust (DOC) has shared an update.
In a significant move within the healthcare real estate sector, Healthpeak acquired Physicians Realty Trust, resulting in a series of financial maneuvers to streamline the merged entity’s obligations. This included amendments to existing credit agreements, with Healthpeak and its operating partnership joining as guarantors, and the repayment and termination of commitments under a revolving credit facility. Moreover, the merger led to the assumption of obligations related to outstanding senior notes by the successor entities, backed by guarantees from Healthpeak. Shareholders of Physicians Realty Trust saw their shares automatically converted into Healthpeak common stock, with fractional shares settled in cash. The completion of the mergers is set to see Healthpeak’s stock trade under a new ticker symbol, representing a new chapter for the combined company.
For a thorough assessment of DOC stock, go to TipRanks’ Stock Analysis page.
