Medical Properties to pay down revolving facility via notes offering

By Tali Rackner

Norfolk, Va., April 10 - Medical Properties Trust, Inc. plans to use the proceeds from a senior notes offering to repay all borrowings under its revolving credit facility, according to a 424B5 filing with the Securities and Exchange Commission.

As of April 4, $155 million of borrowings were outstanding under the facility, which matures in October 2015.

Proceeds will also be used for general corporate purposes, which may include investing in additional health-care properties, including financing the purchase price of the company's potential hospital acquisition.

Medical Properties Trust is a real estate investment trust that acquires and develops health-care facilities.

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