BIRMINGHAM, Ala.--(BUSINESS WIRE)--Jan. 7, 2015--
Medical Properties Trust, Inc. (the “Company”) (NYSE: MPW) announced
today that it has commenced an offering to sell 30 million shares of its
common stock in an underwritten public offering. The Company intends to
grant the underwriters in the offering a 30-day option to purchase up to
an additional 4.5 million 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 and Deutsche Bank Securities will act 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”). When
available, a copy of the preliminary prospectus supplement, 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