BIRMINGHAM, Ala.--(BUSINESS WIRE)--Feb. 17, 2016--
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, $400 million aggregate
principal amount of senior notes due 2024 (the “Notes”). The Notes will
be senior unsecured obligations of the Operating Partnership and MPT
Finance, guaranteed by the Company.
The Operating Partnership intends to use the net proceeds from the
offering of the Notes to repay borrowings made under its revolving
credit facility. BofA Merrill Lynch, Barclays, Wells Fargo Securities,
Goldman, Sachs & Co., J.P. Morgan, and KeyBanc Capital Markets will act
as joint book-running managers for the offering of the Notes. BBVA,
Credit Agricole CIB, Credit Suisse, Deutsche Bank Securities, MUFG, RBC
Capital Markets, Stifel and SunTrust Robinson Humphrey will act as
co-lead managers.
The offering of the Notes will be made under an effective shelf
registration statement of the Company, the Operating Partnership and MPT
Finance. The Company intends to file a preliminary prospectus supplement
with the Securities and Exchange Commission (“SEC”) for the offering of
the Notes to which this communication relates. When available, the
preliminary prospectus may be obtained from BofA Merrill Lynch, 222
Broadway, New York, NY 10038, Attention: Prospectus Department, email: dg.prospectus_requests@baml.com;
or from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, telephone: (888) 603-5847, email: Barclaysprospectus@broadridge.com;
or from Wells Fargo Securities, Attention: Client Support, 608 2nd
Avenue, South Minneapolis, MN 55402, telephone: (800) 645-3751 Opt. 5,
email: wfscustomerservice@wellsfargo.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.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a 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
financing 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.
This press release includes “forward-looking statements” within the
meaning of securities laws of applicable jurisdictions. Forward-looking
statements can generally be identified by the use of forward-looking
words such as “may”, “will”, “would”, “could”, “expect”, “intend”,
“plan”, “aim”, “estimate”, “target”, “anticipate”, “believe”,
“continue”, “objectives”, “outlook”, “guidance” or other similar words,
and include statements regarding the offering of the Notes and the
Operating Partnership’s intended use of proceeds therefrom.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results of the
Company, the Operating Partnership or MPT Finance or future events to
differ materially from those expressed in or underlying such
forward‐looking statements, including without limitation: the ability
of the Operating Partnership and MPT Finance to consummate the offering
of the Notes and the use of the proceeds therefrom; and the factors
referenced under the section captioned “Item 1A. Risk Factors” in the
combined annual report of the Company and the Operating Partnership on
Form 10-K for the year ended December 31, 2014 and in the combined
quarterly report of the Company and the Operating Partnership on Form
10-Q for the quarter ended September 30, 2015, which are incorporated by
reference into the preliminary prospectus supplement related to the
offering of the Notes. Actual results, performance or achievements may
vary materially from any projections and forward looking statements and
the assumptions on which those statements are based. Readers are
cautioned not to place undue reliance on forward-looking statements, and
the Company disclaims any responsibility to update such information.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160217005902/en/
Source: Medical Properties Trust, Inc.
Medical Properties Trust, Inc.
Tim Berryman, 205-969-3755
Director
– Investor Relations
tberryman@medicalpropertiestrust.com