BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sep. 26, 2013--
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 2020 (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 5.75%. 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 to finance its previously announced acquisition of 11
post acute facilities in Germany from RHM Klinik-und Altenheimbetriebe
GmbH & Co. KG (the “Acquisition”). The Operating Partnership intends to
use any remaining net proceeds for general corporate purposes. The
proceeds of the offering will be placed in escrow pending the completion
of the Acquisition. If the conditions to closing the Acquisition are not
satisfied or waived on or prior to 90 days after the closing of the
offering of Notes, the Issuers will be required to redeem the Notes.
BofA Merrill Lynch, Deutsche Bank Securities Inc. and J.P. Morgan
Securities Plc are acting as joint book-running managers, and Banco
Bilbao Vizcaya Argentaria, S.A. and RBC Europe Limited are acting as
lead managers for the offering of Notes.
The offering of the Notes is expected to close on or about October 10,
2013, subject to certain closing conditions. The offering of the Notes
was made under an effective shelf registration statement of the Company,
the Issuers and certain subsidiaries of the Operating Partnership as
guarantors and a related preliminary prospectus supplement and free
writing prospectus. The Company intends to file a final prospectus
supplement with the Securities and Exchange Commission for the offering
of the Notes to which this communication relates. When available, the
final prospectus supplement may be obtained from BofA Merrill Lynch, 2
King Edward Street, EC1A 1HQ London or from Deutsche Bank Securities
Inc., Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836 or
from J.P. Morgan Securities LLC, 383 Madison Avenue, 3rd Floor, New
York, NY 10179, Attn: Syndicate or by visiting the EDGAR database on the
Securities and Exchange Commission'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 any securities of the Company or any of
its subsidiaries, nor shall there be any sale of such securities 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 of Notes may be made only by
means of a prospectus, which has or will be filed with the
Securities and Exchange Commission.
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.
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 the
Company or future events to differ materially from those expressed in or
underlying such forward-looking statements, including without
limitation, the Company's ability to consummate the Notes offering and
the use of the proceeds therefrom, including the acquisition of 11 post
acute facilities in Germany from RHM Klinik-und Altenheimbetriebe GmbH &
Co. KG. 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
on Form 10-K for the year ended December 31, 2012 and its other SEC
filings and "Risk Factors" section contained in the prospectus. Except
as otherwise required by the federal securities laws, the Company
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
Managing
Director – Capital Markets
clambert@medicalpropertiestrust.com