Medical Properties Trust (MPW) said Wednesday its operating partnership MPT and MPT Finance, a unit of the operating partnership, have started a private offering of up to $2 billion of senior secured notes due 2032 and 500 million euros ($519.9 million) of senior secured notes due 2032.
Part of the net proceeds will be used to fund the redemption in full of the issuers' 3.325% senior notes due 2025, 2.5% senior notes due 2026 and 5.25% senior notes due 2026, the company said.
Any remaining proceeds will be for general corporate purposes, which may include repaying debt, it said.
Medical Properties Trust shares were falling past 2% in recent trading.
Price: 4.35, Change: -0.10, Percent Change: -2.22
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