MPT closes $1.5B 8.5% and €1B 7% secured notes due 2032; amends credit facility to extend maturity and remove covenants

MEDICAL PROPERTIES TRUST INC

Issued $1.5B 8.5% and €1B 7% senior secured notes due 2032; interest starts Aug 15, 2025.
Credit facility amended to remove covenant relief period, financial covenants, and extend maturity to June 30, 2027.
Interest rate on credit facility reset to SOFR + 2.25%; loans now secured on a pari passu basis with the notes.
New collateral coverage tests: max secured leverage ratio 40%, min senior secured DSCR 1.15x stepping to 1.30x.
Notes secured by first-priority liens on equity of subsidiaries owning 169 properties across US, UK, Germany with 20 operators.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.