Community Healthcare Trust Incorporated (NYSE:CHCT) Files An 8-K Entry into a Material Definitive Agreement

Community Healthcare Trust Incorporated (NYSE:CHCT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

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On August7, 2018, Community Healthcare Trust Incorporated (the “Company”) entered into a sales agency agreement (the “Agreement”) with Sandler O’Neill& Partners, L.P., Evercore Group L.L.C., SunTrust Robinson Humphrey,Inc., BB&T Capital Markets, a division of BB&T Securities, LLC, Fifth Third Securities,Inc. and Janney Montgomery Scott LLC, as sales agents (collectively, the “Agents”), under which the Company may issue and sell shares of its common stock, par value $0.01 per share (the “Common Stock”), having an aggregate gross sales price of up to $100,000,000 (the “Shares”) from time to time through or to one or more of the Agents, as may be determined by the Company in its sole discretion, subject to the terms and conditions of the Agreement and applicable law.

Upon delivery of a placement notice and subject to the terms and conditions of the Agreement, the applicable Agent may sell the Shares in transactions deemed to be “at-the-market offerings” as defined in Rule415 of the Securities Act of 1933, as amended (the “Securities Act”), including sales made directly on the New York Stock Exchange (“NYSE”), which is the existing trading market for the Common Stock, or to or through a market maker. In addition, the Agents may sell the Shares by any other method permitted by law, including in privately negotiated transactions. Subject to the terms and conditions of the Agreement, each Agent must use commercially reasonable efforts, consistent with its normal trading and sales practices and applicable state and federal laws, rulesand regulations thereunder and the rulesof the NYSE or any other market on which the Shares may be listed, to sell the Shares from time to time, based upon the Company’s instructions.

The Company is not obligated to, and the Company cannot provide any assurances that it will, make any sales of the Shares under the Agreement. The Agreement will terminate upon the earlier of (i)the sale of all of the Shares under the Agreement or (ii)the termination of the Agreement by the Company or the Agents in accordance with the terms provided therein.

The Company will pay each Agent a commission that will not exceed 2% of the gross sales price of the Shares sold through such Agent to the Agreement. The Company also has agreed to provide each Agent with customary indemnification and contribution rights.

A copy of the Agreement is filed as Exhibit10.1 to this Current Report on Form8-K and is incorporated herein by reference. The foregoing description of the material terms of the Agreement does not purport to be complete and is qualified in its entirety by reference to Exhibit10.1 to this Current Report on Form8-K.

The Shares are being offered to a shelf registration statement on FormS-3 (File No.333-213614) filed by the Company and Community Healthcare Trust OP, LP with the Securities and Exchange Commission (the “Commission”), which was declared effective by the Commission on September26, 2016, including the base prospectus contained therein, as supplemented by a prospectus supplement, dated August7, 2018, filed by the Company with the Commission to Rule424(b)of the Securities Act. This Current Report on Form8-K shall not constitute an offer to sell or the solicitation of an offer to buy the Shares nor shall there be any sale of the Shares in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

In connection with the offering, the legal opinion of Baker, Donelson, Bearman, Caldwell& Berkowitz, PC is filed herewith as Exhibit5.1.

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The Company cautions you that statements included in this Current Report on Form8-K that are not descriptions of historical facts are forward-looking statements. These forward-looking statements include statements regarding the ability to sell Shares and raise additional funds to the Agreement. The inclusion of forward-looking statements should not be regarded as a representation by the Company that any of these results will be achieved. Actual results may differ from those set forth in this Current Report on Form8-K due to the risks associated with market conditions and the satisfaction of pre-sale conditions under the Agreement, as well as the risks inherent in the Company’s business, including those described in the Company’s periodic filings with the Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to revise or update this Current Report on Form8-K to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement. This cautionary statement is made under the safe harbor provisions of Section21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Section27A of the Securities Act.


Community Healthcare Trust Inc Exhibit
EX-5.1 2 a18-18375_3ex5d1.htm EX-5.1 Exhibit 5.1     BAKER DONELSON CENTER,…
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About Community Healthcare Trust Incorporated (NYSE:CHCT)

Community Healthcare Trust Incorporated is an integrated healthcare real estate company. The Company owns and acquires, or finances, real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers in non-urban markets. The Company holds interests in approximately 40 real estate properties and mortgage notes, located in over 20 states, totaling approximately 789,500 square feet. Its medical offices are located in Alabama, Florida, Georgia, Illinois, Kansas, Kentucky, Ohio and Texas. The Company’s physician clinics are located in Alabama, Arizona, Florida, Kansas, Pennsylvania, Virginia and Wisconsin. Its ambulatory surgery centers are located in Arizona, Colorado, Michigan, Ohio, Pennsylvania, South Carolina and Texas. The Company’s dialysis clinics are located in Colorado, Georgia, Kentucky, Ohio, Tennessee and Texas. The Company’s oncology centers are located in Alabama. Its behavioral facilities are located in Indiana.

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