Medical Properties Trust Shares Fall on $2.4 Billion Note Issuance for Debt Refinancing
Medical Properties Trust said it will issue $2.4 billion of new notes to refinance debt, including redemption of some senior notes due 2026 and 2027 and a private exchange of about $1.5 billion of unsecured notes. The company plans 9.25% senior secured notes due 2032, cutting principal debt by about $123 million to $9.5 billion. Shares fell over 13% to $4.08. Q2 loss narrowed to $0.01/share; revenue rose to $259.3 million.





