Business Wire·Aug 10, 2026, 8:00 AM ET

MPT Announces Agreement for $2.4 Billion Private Refinancing Transaction Expected to Extend Debt Maturities to 2032 and Reduce Debt by Approximately $123 Million

Medical Properties Trust (MPT) entered an exchange and purchase agreement to issue $2.4 billion in new 9.25% Senior Secured Notes due 2032.
Net proceeds will fund the full redemption of senior notes due 2026 & partial redemption of notes due 2027.
The private exchange will refinance approximately $1.5 billion in unsecured notes maturing between 2027 & 2031.
Total principal debt is expected to decrease by $123 million to $9.5 billion upon closing.
Unsecured note maturities through 2028 are reduced to $1.3 billion, providing increased refinancing flexibility.
MPT expects to complete additional asset sales at significant gains & intends to use proceeds for further deleveraging.
Affiliates of GoldenTree Asset Management acted as lead investors in the new note issuance.
Moelis & Company LLC served as investment banker & placement agent, while Latham & Watkins LLP acted as legal adviser.
Interest on the new notes will be paid semi-annually in arrears starting December 15, 2026, with maturity on February 15, 2032.
The transaction is expected to close imminently.