8-K
filed March 1, 2024, 6:59 PM ET
ticker DOC
CIK 0000765880
M&A
confidence high
sentiment positive
materiality 0.95
Healthpeak closes Physicians Realty Trust acquisition; ticker to change to DOC
HEALTHPEAK PROPERTIES, INC.
- Each Physicians Realty Trust common share converted into 0.674 Healthpeak shares.
- Board expanded from 8 to 13; John T. Thomas named Vice Chair, four others appointed.
- Assumed ~$1.25B in debt: $400M DOC term loan, $750M incremental term loan, and $1.25B DOC notes.
- Authorized shares increased to 1.5B; NYSE ticker changes to DOC on March 4, 2024.
- Healthpeak and Healthpeak OP guaranteed DOC notes; $1.22M consent fee paid to noteholders.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ava E. Lias-Booker was appointed as Director at HEALTHPEAK PROPERTIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed John T. Thomas, Tommy G. Thompson, Pamela J. Kessler, Ava E. Lias-Booker and Richard A. Weiss to the Board, with Mr. Thomas being appointed as Vice Chair of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Richard A. Weiss was appointed as Director at HEALTHPEAK PROPERTIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed John T. Thomas, Tommy G. Thompson, Pamela J. Kessler, Ava E. Lias-Booker and Richard A. Weiss to the Board, with Mr. Thomas being appointed as Vice Chair of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tommy G. Thompson was appointed as Director at HEALTHPEAK PROPERTIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed John T. Thomas, Tommy G. Thompson, Pamela J. Kessler, Ava E. Lias-Booker and Richard A. Weiss to the Board, with Mr. Thomas being appointed as Vice Chair of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Pamela J. Kessler was appointed as Director at HEALTHPEAK PROPERTIES, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
appointed John T. Thomas, Tommy G. Thompson, Pamela J. Kessler, Ava E. Lias-Booker and Richard A. Weiss to the Board, with Mr. Thomas being appointed as Vice Chair of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John T. Thomas was appointed as Vice Chair of the Board at HEALTHPEAK PROPERTIES, INC..
- Action
- appointed
- Role
- Vice Chair of the Board
Exact text from the filing
appointed John T. Thomas, Tommy G. Thompson, Pamela J. Kessler, Ava E. Lias-Booker and Richard A. Weiss to the Board, with Mr. Thomas being appointed as Vice Chair of the Board
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
HEALTHPEAK PROPERTIES, INC.: Increased maximum number of directors to thirteen (effective 2024-02-28).
- Change
- bylaw amendment
- Effective
- 2024-02-28
Exact text from the filing
to increase the maximum number of directors of the Board to thirteen members
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
HEALTHPEAK PROPERTIES, INC.: Increased authorized shares of common stock from 750,000,000 to 1,500,000,000 (effective 2024-02-29).
- Change
- charter amendment
- Effective
- 2024-02-29
Exact text from the filing
increases the authorized number of shares of Healthpeak Common Stock from a total of 750,000,000 to 1,500,000,000.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HEALTHPEAK PROPERTIES, INC. entered into Revolver Amendment with Bank of America, N.A. valued at Consent and Amendment No. 2 and Joinder to Second Amended and Restated Credit Agreement (effective 2024-03-01).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- Consent and Amendment No. 2 and Joinder to Second Amended and Restated Credit Agreement
- Effective
- 2024-03-01
Exact text from the filing
On the Closing Date, concurrently with the consummation of the Mergers, Healthpeak OP and Healthpeak entered into (a) the Consent and Amendment No. 2 and Joinder (the " Revolver Amendment ") to its Second Amended and Restated Credit Agreement, dated as of September 20, 2021, by and among Healthpeak OP, Healthpeak, DOC DR Holdco, DOC DR OP Sub, the lenders party thereto and Bank of America, N.A., as administrative agent
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
HEALTHPEAK PROPERTIES, INC. entered into DOC Amendment to Third Amended and Restated Credit Agreement with KeyBank National Association valued at $400 million term loan; borrowings repaid and revolvers terminated (effective 2024-03-01).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- KeyBank National Association
- Value
- $400 million term loan; borrowings repaid and revolvers terminated
- Effective
- 2024-03-01
Exact text from the filing
On the Closing Date, upon consummation of the Mergers, Healthpeak, Healthpeak OP, DOC DR Holdco and DOC DR OP Sub executed the Consent and Third Amendment (the " DOC Amendment ") to that certain Third Amended and Restated Credit Agreement, dated as of September 24, 2021, by and among Physicians Partnership, as borrower, Physicians Realty Trust, as guarantor, the lenders party thereto and KeyBank National Association, as administrative agent
View on SEC.gov
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