BIRMINGHAM, Ala.--(BUSINESS WIRE)--Mar. 14, 2017--
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” and,
together with the Operating Partnership, the “Issuers”), intend to
offer, subject to market and other conditions, €500 million aggregate
principal amount of senior notes (the “Notes”). The Notes will be senior
unsecured obligations of the Issuers, guaranteed by the Company.
The Issuers intend to use approximately €200 million of the net proceeds
from this offering of Notes to prepay and extinguish the €200 million of
outstanding term loans under the euro-denominated term loan facility
portion of the revolving credit and term loan facilities, and accrued
and unpaid interest thereon. The Issuers intend to use approximately
€200 million of the remaining net proceeds from this offering to finance
the remaining closings of the real estate assets that the Company
previously announced it would acquire from the Median Kliniken group S.à
r.l. (“MEDIAN”), including related fees, expenses, real estate transfer
taxes and capital gain taxes, and the remainder of the net proceeds for
general corporate purposes, which may include investing in additional
healthcare properties. Crédit Agricole CIB, Goldman, Sachs & Co.,
Barclays, BofA Merrill Lynch, BBVA, Credit Suisse, J.P. Morgan and Wells
Fargo Securities are acting as joint book running managers for the
offering of the Notes; KeyBanc Capital Markets, MUFG, RBC Capital
Markets, Scotiabank, Stifel, and SunTrust Robinson Humphrey are acting
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 supplement may be obtained from Crédit Agricole
Corporate and Investment Bank, Attn: DCM Syndicate, Broadwalk House, 5
Appold Street, London EC2A 2DA, telephone: +44 207 214 5217, email: syndicate@ca-cib.com
or from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West
Street, New York, NY 10282, telephone: (866) 471-2526, email: prospectus-ny@ny.email.gs.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 MPT’s plans, strategies, objectives,
targets, future expansion and development activities and expected
financial performance. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the actual
results of the Company, the Issuers or future events to differ
materially from those expressed in or underlying such forward‐looking
statements, including without limitation: the satisfaction of all
conditions to, and the timely closing (if at all), of the remaining
previously announced acquisitions of real estate assets from MEDIAN and
related transactions; the ability of the Issuers to consummate the
offering of Notes and the intended use of proceeds therefrom; and the
factors referenced under the section captioned “Item 1.A Risk Factors”
in the combined annual report of the Company and the Operating
Partnership on Form 10-K for the year ended December 31, 2016, which is
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. Except as otherwise required by the federal
securities laws, the Company undertakes no obligation to update the
information in this press release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170314005681/en/
Source: Medical Properties Trust, Inc.
Medical Properties Trust, Inc.
Tim Berryman, 205-969-3755
Director
– Investor Relations
tberryman@medicalpropertiestrust.com