UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________
AMENDMENT NO. 2
TO
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
___________________________________________
SILA REALTY TRUST, INC.
(Name of Subject Company (Issuer) and Filing Person (Offeror))
Common Stock, $0.01 par value per share
(Title of Class of Securities)
146280508
(CUSIP Number of Class of Securities)
Michael A. Seton
President and Chief Executive Officer
Sila Realty Trust, Inc.
1001 Water Street, Suite 800
Tampa, Florida 33602
813-287-0101
(Name, address, and telephone number of person authorized to receive notices and communications on behalf of filing persons)
With copies to:
Michael M. Mills, Jr.
Holland & Knight LLP
100 North Tampa Street
Suite 4100
Tampa, Florida 33602
(813) 227-6324
___________________________________________
☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the statement relates:
☐
  third-party tender offer subject to Rule 14d-1.
☒
  issuer tender offer subject to Rule 13e-4.
☐
going-private transaction subject to Rule 13e-3.
☐
amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
☐
  Rule 13e-4(i) (Cross-Border Issuer Tender Offer).
☐
Rule 14d-1(d) (Cross-Border Third-Party Tender Offer).




This Amendment No. 2 (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO initially filed by Sila Realty Trust, Inc., a Maryland corporation (the “Company”), with the Securities and Exchange Commission (the “SEC”) on June 13, 2024 (together with any amendments or supplements thereto, including this Amendment, the “Schedule TO”), which relates to the offer by the Company to purchase for cash up to $50 million in value of shares of the Company’s common stock, par value $0.01 per share (the “Shares”), at a price specified by the tendering stockholders of not greater than $24.00 or less than $22.60 per Share, net to the seller in cash, less any applicable withholding taxes and without interest.
The Company’s offer was made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated June 13, 2024 (the “Offer to Purchase”), and in the related Letter of Transmittal and Important Instructions and Information, copies of which were previously filed with the Schedule TO as Exhibits (a)(1)(A), (a)(1)(B) and (a)(1)(C), respectively (which together, as amended or supplemented from time to time, constitute the “Offer”).
This Amendment is being filed to amend and supplement the Schedule TO. Except as amended hereby to the extent specifically provided herein, all terms of the Offer and all other disclosures set forth in the Schedule TO and the Exhibits thereto remain unchanged and are hereby expressly incorporated into this Amendment by reference. Capitalized terms used and not otherwise defined in this Amendment shall have the meanings assigned to such terms in the Schedule TO.
Item 11. Additional Information.
Item 11(c) of the Schedule TO is hereby amended and supplemented by adding the following:
“On June 20, 2024, the Company’s chief executive officer was quoted in an article entitled "Sila Realty Trust Goes to the NYSE", published in GlobeSt on June 20, 2024. An excerpt from the article containing the portions related to the Offer is included herein as Exhibit (a)(5)(D) and is incorporated by reference herein.”
Item 12.     Exhibits.
Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibits:
"(a)(5)(D) Excerpt from "Sila Realty Trust Goes to the NYSE", published in GlobeSt on June 20, 2024"


SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: June 20, 2024Sila Realty Trust, Inc.
By:/s/ MICHAEL A. SETON
Michael A. Seton
President and Chief Executive Officer



EXHIBIT INDEX
(a)(1)(A)*
(a)(1)(B)*
(a)(1)(C)*
(a)(1)(D)*
(a)(1)(E)*
(a)(1)(F)*
(a)(5)(A)*
(a)(5)(B)**
(a)(5)(C)**
(a)(5)(D)***
(d)(1)
(d)(2)
(d)(3)
(d)(4)
(d)(5)
(d)(6)
(d)(7)
(107)*
*    Previously filed on Schedule TO, as amended, dated June 13, 2024
**    Previously filed on Schedule TO-I/A, dated June 13, 2024.
***    Filed herewith.

Exhibit (a)(5)(D)
On June 20, 2024, GlobeSt published an article on Sila Realty Trust, Inc. A portion of the article (excerpted below) related to the Company’s tender offer.

***

In addition, the company is doing a Dutch tender over the 20 days after the listing to repurchase up to $50 million of their shares. The purchase price range is $22.60 to $24,[sic]00 per share. The offer expires at 5:00 p.m., eastern time, on July 19, 2024. The Dutch auction structure means existing shareholders bid on the part of the range at which they want to sell their shares. There's no guarantee that a given shareholder will sell their shares. The company holding the tender starts at the cheapest bids. If the total shares at that price don't meet the total offer, the company then goes to the next bid level, and so on, until the money for buying shares has been used up.

“The purpose of the Dutch tender is to alleviate some of the selling from our retail stockholder base,” says Seton. The move provides the new listing with an immediate liquidity outlet to “give the optionality to existing stockholders to sell in the open market” with an existing buyer.
The tender helps support the stock price. Set the tender at what they thought was a discount to the net asset value of the company is. Think it's higher. “We obviously want to buy the shares back at a discount,” says Seton. “We've seen a lot of support for our stock from new buyers coming into our stock.” Institutional investors were a large percentage of the opening interest.

***

Sila Realty (PK) (USOTC:SLRTI)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Sila Realty (PK) Charts.
Sila Realty (PK) (USOTC:SLRTI)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Sila Realty (PK) Charts.