Exhibit 99.1
| | |
 | | Contact: Tim Berryman
Director – Investor Relations Medical Properties Trust, Inc. (205) 969-3755 tberryman@medicalpropertiestrust.com |
Medical Properties Trust Announces Public Offering of 50,000,000 Shares of Common Stock
BIRMINGHAM, Ala.—(BUSINESS WIRE)—Nov. 5, 2019— Medical Properties Trust, Inc. (the “Company”) (NYSE:MPW) announced today that it has commenced an underwritten public offering to sell 50,000,000 shares of its common stock. The Company intends to grant the underwriters in the offering a30-day option to purchase up to an additional 7,500,000 shares of its common stock.
The Company intends to use the net proceeds from the offering to fund, in part, the cash purchase price for the acquisition of a portfolio of 10 acute care hospitals owned and operated by LifePoint Health, Inc. for a combined purchase price of approximately $700.0 million. The offering is not conditioned upon the successful completion of the LifePoint acquisition. The Company intends to use any remaining balance of the net proceeds (or all the net proceeds if the LifePoint acquisition is not completed) for general corporate purposes, which may include repaying indebtedness (including amounts outstanding from time to time under its revolving credit facility and/or term loan facility), working capital and capital expenditures, and potential future acquisitions.
J.P. Morgan, BofA Securities and Goldman Sachs & Co. LLC will act as joint book running managers for the offering. All of the shares of common stock to be sold in the offering will be issued under the Company’s effective shelf registration statement previously filed with the Securities and Exchange Commission (“SEC”). When available, copies of the preliminary prospectus supplement, final prospectus supplement and the prospectus relating to the offering may be obtained by contacting J.P. Morgan Securities LLC at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (866)803-9204; BofA Securities, Inc. atNC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department,dg.prospectus_requests@baml.com; Goldman Sachs & Co. LLC at 200 West Street, New York, NY 10282, telephone: (866)471-2526, facsimile: (212)902-9316 or by emailingProspectus-ny@ny.email.gs.com; or by visiting the SEC’s EDGAR public database atwww.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any shares of the Company’s common stock or any other securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed to acquire and developnet-leased hospital facilities. The Company’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.