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Medical Properties Trust to redeem €500 million 4% notes due 2022
By Mary-Katherine Stinson
Lexington, Ky., Sept. 23 – Medical Properties Trust, Inc. will redeem all of its outstanding 4% senior notes (ISIN: XS1278084147) due 2022 issued by operating partnership MPT Operating Partnership, LP and its wholly owned subsidiary MPT Finance Corp., on Oct. 22, according to a company notice.
The notes will be redeemed at par plus a make-whole premium based on the comparable government bond rate plus 60 basis points and accrued interest to the redemption date.
The paying agent is Deutsche Bank Trust Co.
Deutsche Bank Luxembourg SA is the registrar and transfer agent.
This redemption will be funded with proceeds from an offering of new senior notes with any remaining proceeds being used for general corporate purposes.
The Birmingham, Ala.-based real estate investment trust acquires and develops net-leased hospital facilities.
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