Medical Properties Trust issues USD 2.4 billion 9.25% senior secured notes due 2032 in private placement
MPT•Medical Properties Trust closes private placement and exchange
- Medical Properties Trust closed a private placement and exchange with institutional investors, issuing USD 2.4 billion of new 9.25% senior secured notes due 2032.
- Net cash proceeds are earmarked to redeem senior notes due 2026 in full, and fund a partial redemption of senior notes due 2027.
- The private exchange refinanced about USD 1.5 billion of unsecured notes maturing 2027 through 2031.
- Interest is payable semiannually starting Dec. 15, 2026; the notes mature Feb. 15, 2032.
- The notes carry first-priority security over certain subsidiary equity, subject to foreign collateral limits, and include a change-of-control put at 101% of principal.
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