BIRMINGHAM, Ala.--(BUSINESS WIRE)--Feb. 3, 2012--
Medical Properties Trust, Inc. (the “Company”) (NYSE: MPW) announced
today that the previously announced public offering of $200 million
aggregate principal amount of senior notes due 2022 (the “Notes”) by its
operating partnership, MPT Operating Partnership, L.P., a Delaware
limited partnership (the “Operating Partnership”), and MPT Finance
Corporation, a Delaware corporation and wholly owned subsidiary of the
Operating Partnership (“MPT Finance,” and together with the Operating
Partnership, the “Issuers”), priced today with a coupon of 6.375%, at an
issue price of 100%. J.P. Morgan, BofA Merrill Lynch, Deutsche Bank
Securities and RBC Capital Markets are acting as joint book-running
managers, KeyBanc Capital Markets and SunTrust Robinson Humphrey are
acting as lead managers, and Raymond James and Morgan Keegan are acting
as co-managers for the offering. The Notes will be senior unsecured
obligations of the Issuers, guaranteed by the Company and by certain
subsidiaries of the Operating Partnership.
The Operating Partnership intends to use the net proceeds from the
offering of Notes, together with borrowings and net proceeds from other
financing arrangements, to fund the anticipated acquisition of Ernest
Health, Inc. and related transactions (the “Ernest Acquisition
Transactions”), which the Company announced on January 31, 2012, and for
general corporate purposes, including debt repayment and funding future
acquisitions and investments. If the Ernest Acquisition Transactions
have not been consummated on or before the closing of the Notes
offering, the proceeds of the offering will be placed in escrow pending
the completion of the Ernest Acquisition Transactions. If the Ernest
Acquisition Transactions do not close, the Issuer will be required to
redeem the Notes.
The offering of the Notes is expected to close on February 17, 2012,
subject to certain closing conditions. The offering of the Notes was
made under the Company’s and Issuers’ shelf registration statement,
which became automatically effective upon filling with the Securities
and Exchange Commission (“SEC”). The Company intends to file a final
prospectus with the SEC for the note offering to which this
communication relates. When available, the final prospectus may be
obtained from J.P. Morgan Securities LLC, 383 Madison Avenue, 3rd Floor,
New York, NY 10179, Attn: Syndicate or from Merrill Lynch, Pierce,
Fenner & Smith Incorporated, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717 or by visiting the EDGAR database
on the SEC's web site at www.sec.gov.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the Notes, nor shall there be any sale
of the Notes in any jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering may be made only
by means of a prospectus, which has or will be filed with the SEC.
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.
This press release contains forward-looking statements concerning the
Company’s expectations, anticipations, intentions, beliefs or strategies
regarding the proposed offering of Notes, the use of proceeds from the
offering, and the Ernest Acquisition Transactions. These forward-looking
statements are not promises or guarantees and involve substantial risks
and uncertainties. Among the factors that could cause actual
results to differ materially from those described or projected herein
are the following: the Issuers’ ability to consummate the offering of
Notes and the use of the proceeds therefrom; the Company’s ability to
obtain or raise additional funds needed to consummate the Ernest
Acquisition Transactions; the Company’s ability to complete the Ernest
Acquisition Transactions on the anticipated time schedule or terms or at
all; national and economic, business, real estate and other
market conditions; the competitive environment in which the Company
operates; the execution of the Company'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 the 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 "Risk Factors" sections of the Company's Annual Report
Form 10-K for the year ended December 31, 2010, as amended, and as
further updated by the Company’s subsequently filed Quarterly Reports on
Form 10-Q and the Company’s other SEC filings. Except as otherwise
required by law, the Company undertakes no obligation to update the
information in this press release.
Source: Medical Properties Trust, Inc.
Medical Properties Trust
Charles Lambert, 205-397-8897
Finance
Director
clambert@medicalpropertiestrust.com