Medical Properties Trust Announces Public Offering of €500 Million of Senior Notes
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,
The offering of the Notes will be made under an effective shelf
registration statement of the Company, the
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
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
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Source:
Medical Properties Trust, Inc.
Tim Berryman, 205-969-3755
Director
– Investor Relations
tberryman@medicalpropertiestrust.com