trending Market Intelligence /marketintelligence/en/news-insights/trending/o5rVHZG6WqHrz1xVeD5ocg2 content esgSubNav
In This List

Medical Properties prices $500M senior notes offering

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Medical Properties prices $500M senior notes offering

Medical PropertiesTrust Inc. said that a public offeringof $500 million of senior notes due 2026 priced with a 5.250% coupon.

The offering, being conducted by MPT Operating Partnership LPand MPT Finance Corp., is expected to be completed on or about July 22.

Roughly $474.3 million of the net proceeds will be used to fullyredeem existing $450 million of 6.875% senior notes due 2021, including any premiumand accrued and unpaid interest. Any remaining proceeds will go toward repaymentof borrowings under the operating partnership's revolving credit facility and forgeneral corporate purposes, potentially including additional health care propertyinvestments.

Goldman Sachs & Co., J.P. Morgan, BofA Merrill Lynch, Barclays,Credit Agricole CIB, KeyBanc Capital Markets, RBC Capital Markets, SunTrust RobinsonHumphrey and Wells Fargo Securities are serving as joint book-running managers,while BBVA, Credit Suisse, Deutsche Bank Securities, MUFG and Stifel are servingas co-lead managers.