BIRMINGHAM, Ala.--(BUSINESS WIRE)--Mar. 5, 2014--
Medical Properties Trust, Inc. (the “Company”) (NYSE: MPW) announced
today that it has commenced an underwritten public offering of 8,000,000
shares of its common stock, consisting of 7,700,000 shares offered by
the Company and 300,000 shares offered by Edward K. Aldag, Jr., the
Company’s Chairman, President and Chief Executive Officer, as a selling
stockholder. The Company intends to grant the underwriters of the
offering a 30-day option to purchase up to an additional 1,200,000
shares of its common stock.
The Company intends to use the net proceeds from the offering to fund,
in part, one or more acquisition and development transactions relating
to acute care hospital facilities in the United States, with an
aggregate investment value of up to $500 million. The Company is
currently in advanced negotiations for these potential transactions and
expects to consummate all or some of them during the first half of 2014,
and some as soon as during the first quarter of 2014. Each of the
potential transactions, however, is contingent upon, among other things,
the negotiation and execution of definitive agreements and the
completion of satisfactory due diligence, and the Company may not
successfully complete any or all of them. Pending consummation of all or
some of these potential transactions, the Company intends to use the net
proceeds from the offering to repay borrowings under its revolving
credit facility and for general corporate purposes. The offering is not
contingent upon the consummation of any other transaction. The Company
will not receive proceeds from the sale of common stock by the selling
stockholder.
Credit Suisse Securities (USA) LLC and Jefferies LLC are acting as joint
book-running managers for the offering. The offering will be made under
the Company’s effective shelf registration statement previously filed
with the Securities and Exchange Commission (“SEC”). A prospectus
supplement and accompanying prospectus describing the terms of the
offering will be filed with SEC. When available, the prospectus
supplement and accompanying prospectus may be obtained from: Credit
Suisse Securities (USA) LLC, Attention: Prospectus Department, One
Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037,
or by e-mail at newyork.prospectus@credit-suisse.com;
Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520
Madison Avenue, 12th Floor, New York, New York 10022, or by telephone at
(877) 547-6340, or by e-mail at Prospectus_Department@Jefferies.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 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.
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 U.S. 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.
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, 2013 and its other
SEC filings and “Risk Factors” sections contained in each of the
prospectuses. 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