Proceeds to be Used to Fund Acquisition of 11 Post Acute
Facilities in Germany
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sep. 23, 2013--
Medical Properties Trust, Inc. (the “Company”) (NYSE: MPW) announced
today that its operating partnership, MPT Operating Partnership, L.P.
(the “Operating Partnership”), and MPT Finance Corporation, a wholly
owned subsidiary of the Operating Partnership (“MPT Finance”), intend to
offer, subject to market and other conditions, €200 million aggregate
principal amount of senior notes due 2020. The notes will be senior
unsecured obligations of the Operating Partnership and MPT Finance,
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 the notes to finance its previously announced acquisition of
11 post acute facilities in Germany from RHM Klinik-und
Altenheimbetriebe GmbH & Co. KG. The Operating Partnership intends to
use any remaining net proceeds for general corporate purposes.
BofA Merrill Lynch, Deutsche Bank Securities Inc. and J.P. Morgan
Securities Plc will act as joint book-running managers, and Banco Bilbao
Vizcaya Argentaria, S.A. and RBC Europe Limited will act as lead
managers for the proposed offering of senior notes. The offering of
senior notes will be made under an effective shelf registration
statement of the Company, the Operating Partnership, MPT Finance
Corporation and certain subsidiaries as guarantors. The Company intends
to file a prospectus supplement with the Securities and Exchange
Commission ("SEC") for the senior notes offering. When available, the
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 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 any securities of the Company or any of
its subsidiaries, nor shall there be any sale of any 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 senior notes 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.
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 senior 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