debt
confidence high
sentiment neutral
materiality 0.60
Medical Properties Trust enters $2.0B credit facility with $1.8B revolver and $200M term loan
MEDICAL PROPERTIES TRUST INC
- $1.8B unsecured revolving facility and $200M unsecured term loan; total capacity up to $3B with incremental commitments.
- Revolver matures June 30, 2026 with two six-month extension options; term loan matures June 30, 2027.
- Pricing varies by credit rating: revolver ABR margin 0.00%-0.50%, Term Benchmark 0.80%-1.50%; facility fee 0.125%-0.30%.
- Proceeds for working capital, general corporate purposes, acquisitions, and debt repayment.
- Guaranteed by Medical Properties Trust and certain subsidiaries; contains standard financial covenants (leverage, coverage ratios).