Medical Properties Trust (MPW) issues $1.3 billion benchmark 10-year notes.

Medical Properties Trust (MPW) announced today that it has priced an offering of $1.3 billion 3.50% senior unsecured notes due 2031.  The notes, which are being issued by MPW's operating partnership, were priced at +265 basis points to the treasury curve.  MPW is rated Ba1/BBB- by Moody's and S&P.

Established in 2004, Medical Properties is an equity REIT specializing in the acquisition and management of higher-acuity healthcare properties in the U.S., Australia and Europe. The current portfolio includes 385 facilities and more than 41,000 licensed beds in nine countries, segmented by acute care hospitals (85% of revenues), in-patient rehab hospitals (13%), and long-term care hospitals (3%).  MPW has a total market capitalization of approximately $17.7 billion and is a member of the S&P MidCap 400 index.