BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 10, 2014--
Medical Properties Trust, Inc. (the “Company”) (NYSE: MPW) announced
today that 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”), intend to offer, subject to
market and other conditions, $300 million aggregate principal amount of
senior notes due 2024 (the “notes”). 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 the notes to repay all of the borrowings under its revolving
credit facility and for general corporate purposes, which may include
investing in additional healthcare properties.
BofA Merrill Lynch, J.P. Morgan, Barclays, and KeyBanc Capital Markets
will act as joint book-running managers for the offering of notes.
Deutsche Bank, RBC Capital Markets, and SunTrust Robinson Humphrey will
act as lead-managers with BBVA, Credit Agricole, Raymond James, and
Regions Securities as co-managers. The offering of notes will be made
under an effective shelf registration statement of the Company, the
Issuers and certain subsidiaries as guarantors. The Company intends to
file a prospectus supplement with the Securities and Exchange Commission
(“SEC”) for the offering of notes to which this communication relates.
When available, the prospectus supplement 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 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 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. MPT has more than $3.0 billion in
assets, with healthcare facilities throughout the United States and in
Germany. These facilities include acute care hospitals, inpatient
rehabilitation hospitals, long-term acute care hospitals and other
medical and surgical 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,
including statements about the offering of notes by the Operating
Partnership and MPT Finance, the Operating Partnership’s intended use of
net proceeds from the offering. Forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause the
actual results of the Company and the Operating Partnership or future
events to differ materially from those expressed in or underlying such
forward-looking statements. For a discussion of the factors that
could affect outcomes, please refer to the “A Warning About Forward
Looking Statements” and "Risk Factors" sections of the Annual Report on
Form 10-K for the year ended December 31, 2013 of the Company and the
Operating Partnership and their other SEC filings and the “Risk Factors”
section contained in the prospectus. Except as otherwise required by the
federal securities laws, the Company and the Operating Partnership
undertake 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