Medical Properties begins tender offer for MPT's 6.125% exchangeables

By Angela McDaniels

Tacoma, Wash., April 12 - Medical Properties Trust, Inc. has begun a tender offer for the $138 million outstanding principal amount of 6.125% exchangeable senior notes due 2011 issued by its operating partnership, MPT Operating Partnership, LP, according to a company news release.

The company is offering $1,030 per $1,000 principal amount of notes. Holders will also receive accrued interest up to but excluding the payment date.

The offer will expire at midnight ET on May 7.

The offer is conditioned on the completion of a public offering of common stock by Medical Properties and the receipt of the consent of lenders under the company's credit facilities. It is not conditioned on the tender of a minimum amount of exchangeables.

Deutsche Bank Securities Inc. (800 503-4611) is the dealer manager, and Global Bondholder Services Corp. (866 470-4300 or 212 430-3774) is the information agent and depositary.

Medical Properties is a Birmingham, Ala.-based real estate investment trust that acquires and develops net-leased health-care 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.