---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-028746"
form_type: "8-K"
ticker: "MPT"
cik: "0001287865"
company_name: "MEDICAL PROPERTIES TRUST INC"
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T14:37:24.731904+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-028746
- form_type: 8-K
- ticker: MPT
- cik: 0001287865
- company_name: MEDICAL PROPERTIES TRUST INC
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287865/000119312525028746/0001193125-25-028746-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287865/000119312525028746/d849133d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-028746
- JSON: https://secwatch.observer/filing/0001193125-25-028746.json
- Plain text: https://secwatch.observer/filing/0001193125-25-028746.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.