Medical Properties Trust (MPW) prices £850 million senior notes offering.
Medical Properties Trust, Inc. (MPW) announced today that is has priced a two-part offering of £850 million senior unsecured notes. Proceeds will be used to refinance outstanding bank debt. The offering includes:
- £500 million 2.500% senior unsecured notes due 2026. The 2026 notes were priced to yield 2.514%, or +210 basis points to the benchmark rate.
- £350 million 3.375% senior unsecured notes due 2030. The 2030 notes were priced to yield 3.446%, or +255 basis points to the benchmark rate.