New Issue: Medical Properties sells €500 million 0.993% five-year notes at par

Chicago, Sept. 22 – Medical Properties Trust, Inc. operating partnership MPT Operating Partnership, LP and its wholly owned subsidiary, MPT Finance Corp., sold €500 million of 0.993% five-year notes at par, according to an FWP filed with the Securities and Exchange Commission.

The notes will be guaranteed by Medical Properties Trust.

Barclays, BofA Securities, Goldman Sachs and JPMorgan are the 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.

Issuer:	MPT Operating Partnership, LP and MPT Finance Corp.
Guarantor:	Medical Properties Trust, Inc.
Issue:	Notes
Amount:	€500 million
Maturity:	Oct. 15, 2026
Bookrunners:	Barclays, Goldman Sachs & Co. LLC, J.P. Morgan Securities plc, Merrill Lynch International, KeyBanc Capital Markets Inc., BNP Paribas, Crédit Agricole CIB, Credit Suisse International, Mizuho International plc, MUFG Securities EMEA plc, RBC Europe Ltd., Scotiabank Europe plc, Stifel Nicolaus Europe Ltd., Truist Securities, Inc. and Wells Fargo Securities International Ltd.
Coupon:	0.993%
Price:	Par
Yield:	0.993%
Spread:	Mid-swaps plus 125 bps
Call features:	Make-whole call at Bunds plus 25 bps until 30 days before maturity when they can be redeemed at par
Change of control:	At 101
Trade date:	Sept. 22
Settlement date:	Oct. 6
Distribution:	SEC registered
ISIN:	XS2390849318

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