Medical Properties Trust (MPW) Announces 9M Common Offering

February 27, 2013 4:06 PM EST
Medical Properties Trust, Inc. (the "Company") (NYSE: MPW) announced today that it plans to sell 9,000,000 shares of its common stock in an underwritten public offering. The Company intends to grant the underwriters of the offering a 30-day option to purchase up to an additional 1,350,000 shares of its common stock.

The Company intends to use the net proceeds from the offering to repay borrowings under its revolving credit facility and for general corporate purposes, including investing in additional healthcare properties.

BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan, KeyBanc Capital Markets, and RBC Capital Markets will act as joint book running managers for the offering.

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