Medical Properties to pay down some revolver debt via new notes issue

By Susanna Moon

Chicago, July 13 – Medical Properties Trust, Inc. said that its operating partnership, MPT Operating Partnership, LP, plans to repay borrowings under its revolving credit facility using proceeds of a new notes issue.

The operating partnership and wholly owned subsidiary MPT Finance Corp. also plan to use $474.3 million of the new issue proceeds to redeem their $450 million principal amount of 6.875% senior notes due 2021, according to a company announcement.

Remaining proceeds also will be used for general corporate purposes, which may include investing in additional health care properties, the company said.

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

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