BIRMINGHAM, Ala., Jul 11, 2011 (BUSINESS WIRE) --
Medical Properties Trust, Inc. (the "Company") (NYSE: MPW) and MPT
Operating Partnership, L.P. (the "Operating Partnership", and together
with the Company, "Medical Properties Trust") today announced that they
have determined the purchase price to be paid in connection with their
pending cash tender offer to purchase any and all of the outstanding
9.25% Exchangeable Senior Notes due 2013 (CUSIP Number 55342NAG5) issued
by the Operating Partnership. The tender offer is being made solely
pursuant to the Offer to Purchase dated June 15, 2011 (as amended, the
"Offer to Purchase") and the accompanying Letter of Transmittal, as
amended, which were filed by Medical Properties Trust with the
Securities and Exchange Commission on June 29, 2011, as exhibits to a
Tender Offer Statement on Schedule TO. The terms and conditions of the
tender offer are more fully set forth in those documents.
Upon the terms and subject to the conditions set forth in the Offer to
Purchase, holders whose exchangeable notes are validly tendered (and not
validly withdrawn) and accepted for purchase by Medical Properties Trust
before the expiration of the tender offer, which is 12:00 midnight, New
York City time, on July 13, 2011 (inclusive of July 13, 2011), unless
extended or earlier terminated by Medical Properties Trust, will receive
$1,185.29, in cash, for each $1,000 in principal amount of exchangeable
notes tendered. In addition, holders will receive in respect of their
exchangeable notes that are accepted for purchase, accrued and unpaid
interest on the principal amount of the accepted exchangeable notes from
the last interest payment date to, but not including, the settlement
date of the tender offer.
The purchase price for the exchangeable notes was determined promptly
after the close of trading on the New York Stock Exchange on July 11,
2011, pursuant to the Offer to Purchase. The purchase price for the
exchangeable notes is also available at http://www.gbsc-usa.com/mpt
and will be available from the information agent for the tender offer.
This press release is for informational purposes only and is not an
offer to sell or purchase or the solicitation of an offer to sell or
purchase any securities discussed herein. The tender offer is only being
made pursuant to the terms of the Offer to Purchase and the related
Letter of Transmittal. The tender offer is not being made in any
jurisdiction in which the making or acceptance thereof would not be in
compliance with the securities, "blue sky" or other laws of such
jurisdiction. None of Medical Properties Trust, the dealer manager, the
depositary, the information agent, the trustee or their respective
affiliates is making any recommendation as to whether or not holders
should tender all or any portion of their exchangeable notes in the
tender offer. Holders are urged to read the documents related to the
tender offer carefully before making any decision with respect to the
tender offer. Holders must make their own decisions as to whether to
participate in the tender offer, and if they decide to do so, the
principal amount of the exchangeable notes to tender.
Medical Properties Trust has engaged Deutsche Bank Securities Inc. to
act as dealer manager for the tender offer. Medical Properties Trust has
engaged Global Bondholder Services Corporation to act as information
agent and depositary for the tender offer. Requests for documents may be
directed to Global Bondholder Services Corporation at (866) 470-3900
(U.S. toll free) or at (212) 430-3774 (collect), or in writing to 65
Broadway, Suite 404, New York, NY 10006, Attention: Corporate Actions.
Questions regarding the tender offer may be directed to Deutsche Bank
Securities Inc. at (800) 503-4611 (U.S. toll free), or in writing to 100
Plaza One, Jersey City, New Jersey 07311.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a Birmingham, Alabama based
self-advised real estate investment trust formed to capitalize on the
changing trends in healthcare delivery by acquiring and developing
net-leased healthcare facilities. These facilities include inpatient
rehabilitation hospitals, long-term acute care hospitals, regional acute
care hospitals, ambulatory surgery centers and other single-discipline
healthcare facilities, such as heart hospitals and orthopedic hospitals.
The statements in this press release that are forward looking are
based on current expectations and actual results or future events may
differ materially. Words such as "expects," "believes," "anticipates,"
"intends," "will," "should" and variations of such words and similar
expressions are intended to identify such forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results of
Medical Properties Trust or future events to differ materially from
those expressed in or underlying such forward-looking statements,
including without limitation: Medical Properties Trust's ability to
consummate the tender offer for the exchangeable notes; national and
economic, business, real estate and other market conditions; the
competitive environment in which Medical Properties Trust operates; the
execution of Medical Properties Trust's business plan; financing risks;
the Company's ability to maintain its status as a REIT for federal
income tax purposes; acquisition and development risks; potential
environmental and other liabilities; and other factors affecting the
real estate industry generally or healthcare real estate in particular.
For further discussion of the factors that could affect outcomes, please
refer to the "A Warning About Forward-Looking Statements" and "Item 1A.
Risk Factors" sections of the Company's Annual Report on Form 10-K for
the year ended December 31, 2010, as further updated by the Company's
subsequent SEC filings. Except as otherwise required by the federal
securities laws, Medical Properties Trust undertakes no obligation to
update the information in this press release.
SOURCE: Medical Properties Trust, Inc.
Medical Properties Trust, Inc.
Charles Lambert, 205-397-8897
Finance Director
clambert@medicalpropertiestrust.com