Medical Properties Trust to repay €200 million of facilities via notes

By Tali Rackner

Norfolk, Va., March 14 – Medical Properties Trust, Inc. plans to retire €200 million of outstanding term loans under the euro-denominated term loan facility portion of its revolving credit and term loan facilities using some of the proceeds from a new note offering, according to a press release.

MPT Operating Partnership, LP and MPT Finance Corp. expect to issue €500 million of senior notes.

The company also intends to use about €200 million of the remaining net proceeds to finance the remaining closings of the real estate assets that it previously announced it would acquire from the Median Kliniken group Sarl, and will use the remainder for general corporate purposes, which may include investing in additional healthcare properties.

Medical Properties is a Birmingham, Ala.-based self-advised real estate investment trust focused on investing in and owning net-leased health care facilities.

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