Medical Properties plans benchmark offer of euro-denominated notes

By Marisa Wong

Los Angeles, Sept. 22 – Medical Properties Trust, Inc. operating partnership MPT Operating Partnership, LP and its wholly owned subsidiary, MPT Finance Corp., plan to launch a euro-denominated benchmark offering of senior notes, according to a news release.

The notes will be guaranteed by Medical Properties Trust.

Barclays, BofA Securities, Goldman Sachs and JPMorgan will act as joint bookrunners.

The issuers intend to use proceeds to redeem all of their outstanding 4% senior notes due 2022. Any remaining proceeds from the new notes will be used for general corporate purposes.

The Birmingham, Ala.-based real estate investment trust acquires and develops net-leased hospital facilities.

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