Medical Properties Trust to redeem 4% notes due 2022 via new notes

By Marisa Wong

Los Angeles, Sept. 22 – Medical Properties Trust, Inc. intends to redeem all of the outstanding 4% senior notes due 2022 issued by operating partnership MPT Operating Partnership, LP and its wholly owned subsidiary, MPT Finance Corp., according to a news release.

The redemption will be funded with proceeds from an offering of new senior notes. 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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.