Medical Properties Trust mulls split-rated euro-denominated notes; roadshow Oct. 17 week

By Paul A. Harris

Portland, Ore., Oct. 14 – Medical Properties Trust, Inc. plans meet with investors on a Monday to Wednesday roadshow in the week ahead, according to a market source.

Pending the results of that roadshow, a euro-denominated offering of notes could follow.

The deal, should it materialize, is expected to be split-rated, with an expected Ba1 rating from Moody's Investors Service and a BBB- rating from S&P Global Ratings.

It would be transacted on the investment-grade syndicate desk.

Credit Agricole CIB and Goldman Sachs are the bookrunners.

Medical Properties Trust focuses on investing in and owning net-leased health care facilities.

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