MEDICAL PROPERTIES TRUST INC (MPT): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MEDICAL PROPERTIES TRUST INC incurred senior notes of $1,500,000,000 aggregate principal amount (Dollar Notes) and €1,000,000,000 aggregate principal amount (Euro Notes) at 8.500% (Dollar Notes) and 7.000% (Euro Notes) maturing February 15, 2032.

Instrument: senior notes
Principal: $1,500,000,000 aggregate principal amount (Dollar Notes) and €1,000,000,000 aggregate principal amount (Euro Notes)
Rate: 8.500% (Dollar Notes) and 7.000% (Euro Notes)
Maturity: February 15, 2032
Event: incurrence

Exact text from the filing

and €1,000,000,000 aggregate principal amount of the Issuers’ 7.000% Senior Secured Notes due 2032

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Source: SEC EDGAR

accession 0001193125-25-028746

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