Item 1.01 Entry into a Material Definitive Agreement.
On June 8, 2020, Universal Health Realty Income Trust (the "Trust"), and UHS of
Delaware, Inc. entered into an ATM Equity Offering Sales Agreement (the "Sales
Agreement") with BofA Securities, Inc., Credit Agricole Securities (USA) Inc.,
Fifth Third Securities, Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo
Securities, LLC, as sales agents, and/or principals and/or (except in the case
of Fifth Third Securities, Inc., SunTrust Robinson Humphrey, Inc. and Wells
Fargo Securities, LLC) forward sellers (the "Agents"), and/or certain of their
affiliates as forward purchasers (the "Forward Purchasers"). Under the terms of
the Sales Agreement, the Trust may (i) issue and sell, from time to time through
or to the Agents, the Trust's common shares of beneficial interest, par value
$.01 per share (the "Common Shares"), and (ii) may instruct from time to time
any Agent, as forward seller for the respective Forward Purchaser (the "Forward
Seller"), to offer and sell borrowed Common Shares, having an aggregate gross
sales price not to exceed $100 million. Sales of Common Shares, if any, may be
made by means of ordinary brokers' transactions at market prices, in negotiated
transactions or in transactions that are deemed to be "at-the-market" offerings
as defined in Rule 415 under the Securities Act, including sales made to or
through a market maker other than on an exchange, in block transactions or by
any other method permitted by law, at prices related to the prevailing market
prices or at negotiated prices subject to certain minimum prices. In addition,
borrowed Common Shares of the Trust may be offered and sold by the Forward
Sellers.
The Common Shares will be offered pursuant to the Trust's shelf registration
statement on Form S-3 (File No. 333-238301), which was filed with the Securities
and Exchange Commission and became effective on May 15, 2020 (the "Registration
Statement"), and the prospectus supplement dated June 8, 2020.
The Sales Agreement is filed as Exhibit 1.1 to this Current Report on Form 8-K,
and the description of the Sales Agreement is qualified in its entirety by
reference to such exhibit. The Sales Agreement is also filed with reference to,
and is hereby incorporated by reference into, the Registration Statement.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
1.1 ATM Equity Offering Sales Agreement, dated June
8, 2020, among BofA Securities, Inc., Credit
Agricole Securities (USA) Inc., Fifth Third
Securities, Inc., SunTrust Robinson Humphrey, Inc.
and Wells Fargo Securities, LLC, as sales agents,
principals and/or (except in the case of Fifth
Third Securities, Inc., SunTrust Robinson
Humphrey, Inc. and Wells Fargo Securities, LLC)
forward sellers, Bank of America, N.A. and Crédit
Agricole Corporate and Investment Bank, as forward
purchasers, Universal Health Realty Income Trust,
and UHS of Delaware, Inc.
5.1 Opinion of Norton Rose Fulbright US LLP.
104 Cover Page Interactive Data File (embedded within
the Inline XBRL document).
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