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Medical Properties Trust to pay down revolver via stock sale proceeds
By Marisa Wong
Madison, Wis., Jan. 7 – Medical Properties Trust, Inc. intends to repay borrowings under its revolving credit facility using proceeds from a public offering common stock, according to a press release.
The company borrowed $533 million under its revolver to finance a portion of its acquisition of Median Kliniken Sarl and related financing and sale-leaseback transactions, according to an 8-K filing with the Securities and Exchange Commission.
Medical Properties is a Birmingham, Ala.-based real estate investment trust.
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