Medical Properties Trust to repay revolver debt with note proceeds

By Tali Rackner

Norfolk, Va., Feb. 17 – Medical Properties Trust, Inc. plans to repay a portion of the borrowings under its revolving credit facility with the proceeds from a new senior note offering, according to an 8-K filing with the Securities and Exchange Commission.

As of Wednesday, the company had $1.1 billion of borrowings outstanding under the revolver, which matures in June 2018 and has a one-year extension option.

Medical Properties is a Birmingham, Ala.-based real estate investment trust.

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