BIRMINGHAM, Ala.--(BUSINESS WIRE)--Feb. 28, 2013--
Medical Properties Trust, Inc. (the "Company") (NYSE: MPW) announced
today that it has priced its underwritten public offering of 11,000,000
shares of common stock (the “Offering”) at $14.25 per share. The Company
has granted the underwriters a 30-day option to purchase up to an
additional 1,650,000 shares of its common stock.
The Company estimates that the net proceeds from the Offering, after
underwriting discounts and commissions and estimated offering expenses,
will be approximately $150.3 million or approximately $172.9 million if
the underwriters’ option to purchase additional shares is exercised in
full. The Company intends to use the net proceeds from the Offering to
repay borrowings under its revolving credit facility and for general
corporate purposes, including investing in additional healthcare
properties.
BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan, KeyBanc
Capital Markets, and RBC Capital Markets acted as joint book running
managers for the Offering; SunTrust Robinson Humphrey acted as lead
manager; and Raymond James and JMP Securities LLC acted as co-managers.
The Offering is expected to close on March 5, 2013, subject to customary
closing conditions. All of the shares of common stock will be issued by
the Company and will be issued under the Company’s currently effective
shelf registration statement on Form S-3 filed with the Securities and
Exchange Commission (“SEC”).
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any shares of the Company’s common
stock, nor shall there be any sale of these 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 may be made only by means of
a prospectus and a related prospectus supplement, which have been or
will be filed with the SEC. When available, the prospectus supplement
and accompanying base prospectus may be obtained from BofA Merrill
Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or
by e-mail at dg.prospectus_requests@baml.com
or from Deutsche Bank Securities Inc., Attn: Prospectus Group, 60 Wall
Street, New York, NY 10005-2836, by calling (800) 503-4611 or by e-mail
at prospectus.cpdg@db.com or
by visiting the EDGAR database on the SEC's web site at www.sec.gov.
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 this offering and the
use of the proceeds therefrom. 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 our other
SEC filings. 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
Charles Lambert, 205-397-8897
Managing
Director
clambert@medicalpropertiestrust.com