Government Props IT (GOV) Prices Increased 7.5M Offering at $23.25/Share

Government Properties Income Trust (NYSE: GOV) today announced that it priced a public offering of 7,500,000 common shares at a price to the public of $23.25 per share. The settlement of this offering is expected to occur on Friday, October 19, 2012. GOV expects to use the net proceeds of this offering to repay amounts outstanding under its revolving credit facility and for general business purposes, including funding potential acquisitions. The underwriters have been granted a 30-day option to purchase up to an additional 1,125,000 common shares.

The amount is up from the original announcement of 7 million shares.

The joint bookrunning managers for this offering are Morgan Stanley, BofA Merrill Lynch and RBC Capital Markets. The co-lead managers for this offering are Citigroup, Jefferies and UBS Investment Bank. The co-managers for this offering are Deutsche Bank, BB&T Capital Markets, Janney Montgomery Scott, JMP Securities and Oppenheimer & Co.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Rubrik, Inc. (RBRK) IPO Opens at $38.60, Priced at $32
• Rollins (ROL) Appoints Louise S. Sams to its Board
• Oracle (ORCL) Introduces New AI Capabilities to Help Organizations Boost Sales