$MPT

Medical Properties Trust Agrees to $2.4 Billion Private Refinancing Transaction

Medical Properties Trust (MPT) said Monday it entered into a $2.4 billion private refinancing transaction expected to extend debt maturities to 2032 and reduce principal debt by about $123 million.The proceeds will be used to redeem 2026 notes and partially redeem 2027 notes, while the exchange will refinance about $1.5 billion of unsecured notes due from 2027 through 2031, the company said.Upon closing, total principal debt is expected to decline to about $9.5 billion, with only $1.3 billion of unsecured note maturities through 2028, the company added.Medical Properties Trust shares were down about 9.9% in early Monday trading.Price: $4.25, Change: $-0.47, Percent Change: -9.86%