BIRMINGHAM, Ala.--(BUSINESS WIRE)--Apr. 25, 2017--
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW)
announced today that it has commenced an offering to sell 37,500,000
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 5,625,000 shares of its common
stock.
The Company intends to use the net proceeds from the offering to fund
the cash purchase price payable by MPT in connection with its
acquisition of eight hospitals in Florida, Ohio and Pennsylvania from
Steward Health Care System LLC (the “Steward Transactions”), the
purchase of two acute care hospitals located in the Ohio Valley Region
from Alecto Healthcare Services LLC (the “Alecto Acquisition”), the
purchase of the St. Joseph Medical Center in Lewiston, Idaho, and
Lourdes Health in Pasco, Washington, from RCCH HealthCare Partners (the
“RCCH Acquisition”), with the balance of the net proceeds to be used to
repay borrowings under the Company’s revolving credit facility. The
Company may use any remaining net proceeds from this offering to
partially fund the contractual purchase price for any potential
transactions that it consummates in the future. This offering is not
conditioned upon the successful completion of the Steward Transactions,
the Alecto Acquisition, the RCCH Acquisition or the previously announced
acquisition of assets from affiliates of Median Kliniken S.à.r.l. (“the
“New MEDIAN Transactions”). Pending such use, the Company intends to
invest the net proceeds from the offering in short-term interest-bearing
securities.
Goldman, Sachs & Co., BofA Merrill Lynch and KeyBanc Capital Markets
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 Goldman, Sachs & Co., Attn: Prospectus Department, 200
West Street, New York, NY 10282, telephone: (866) 471-2526, email: prospectus-ny@ny.email.gs.com,
from BofA Merrill Lynch, Attention: Prospectus Department, 200 North
College Street, 3rd Floor, NC1-004-03-43, Charlotte, NC
28255-0001 or by email at dg.prospectus_requests@baml.com,
or from KeyBanc Capital Markets Inc., Attention: Prospectus Delivery
Department, 127 Public Square, 4th Floor, Cleveland, OH
44114, telephone: (800) 859-1783, 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 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, expected financial
performance and expected use of proceeds from this offering.
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 satisfaction of all conditions to, and the timely
closing (if at all), of the Steward Transactions, the Alecto
Acquisition, the RCCH Acquisition and the New MEDIAN Transactions; the
amount of acquisitions of healthcare real estate, if any; capital
markets conditions; statements concerning the additional income to the
Company as a result of ownership interests in certain hospital
operations and the timing of such income; the payment of future
dividends, if any; national and international economic, business, real
estate and other market conditions; the competitive environment in which
the Company operates; the execution of the Company's business plan;
financing risks; 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 the factors
referenced under the section captioned “Item 1.A Risk Factors” in the
Company’s annual report on Form 10-K for the year ended December 31,
2016. 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 MPT disclaims any
responsibility to update such information.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170425006809/en/
Source: Medical Properties Trust, Inc.
Medical Properties Trust, Inc.
Tim Berryman, 205-397-8589
Director
– Investor Relations
tberryman@medicalpropertiestrust.com