BIRMINGHAM, Ala.--(BUSINESS WIRE)--Jan. 8, 2015--
Medical Properties Trust, Inc. (the “Company”) (NYSE: MPW) announced
today that it has priced its underwritten public offering of 30,000,000
shares of common stock at a public offering price of $14.50 per share, a
1.8% increase over the prior day’s close of $14.24. The closing price of
the shares on January 8, 2015 was $14.73. The Company has granted the
underwriters a 30-day option to purchase up to an additional 4,500,000
shares of its common stock.
The Company intends to use the net proceeds from the offering to repay
borrowings made under its revolving credit facility to finance a portion
of the previously announced acquisition of Median Kliniken S.à r.l. and
related financing and sale-leaseback transactions (the “Median
Transactions”). The offering is not conditioned upon the successful
completion of the Median Transactions.
BofA Merrill Lynch, J.P. Morgan, Deutsche Bank Securities, Barclays and
KeyBanc Capital Markets acted as joint book running managers for the
offering; BBVA, Credit Agricole CIB, Credit Suisse, RBC Capital Markets,
Stifel, SunTrust Robinson Humphrey and Wells Fargo Securities acted as
co-lead managers.
The offering is expected to close on January 14, 2015. All of the shares
of common stock will be issued under the Company’s effective shelf
registration statement previously filed with the Securities and Exchange
Commission (“SEC”). The offering is being made only by means of a
prospectus supplement and accompanying prospectus. When available,
copies of the final prospectus supplement and the prospectus relating to
the offering 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,
from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling
1-866-803-9204 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.
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.
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’s lease model allows hospitals and
other healthcare facilities to unlock the value of their underlying real
estate in order to fund facility improvements, technology upgrades,
staff additions and new construction. 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; the satisfaction of all conditions to,
and the timely closing (if at all) of, the Median Transactions; changes
in foreign currency exchange rates; the capacity of the Company’s
tenants to meet the terms of their agreements; U.S. (both
national and local) and European (in particular Germany and the U.K.)
economic, business, real estate and other market conditions; the
competitive environment in which the Company operates; the execution of
the Company's business plan; the Company's ability to maintain its
status as a REIT for federal income tax purposes; acquisition and
development risks; potential environmental and other liabilities; and
other factors affecting the real estate industry generally or healthcare
real estate in particular. 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 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.
Tim Berryman, 205-397-8589
Director
– Investor Relations
tberryman@medicalpropertiestrust.com