BIRMINGHAM, Ala.--(BUSINESS WIRE)--Feb. 1, 2012--
Medical Properties Trust, Inc. (the "Company") (NYSE: MPW) announced
today that it priced its underwritten public offering of 20,500,000
shares of common stock (the "Offering") at $9.75 per share. The Company
has granted the underwriters a 30-day option to purchase up to 3,075,000
additional shares of common stock. The Company estimates that the net
proceeds from the Offering after underwriting discounts and commissions
and estimated offering expenses, will be approximately $189,880,000 or
approximately $218,662,000 if the underwriters' option to purchase
additional shares is exercised in full.
BofA Merrill Lynch, J.P. Morgan, Deutsche Bank Securities, KeyBanc
Capital Markets and RBC Capital Markets are acting as joint bookrunning
managers for the Offering; SunTrust Robinson Humphrey as lead manager;
and Morgan Keegan, Raymond James, JMP Securities and Stifel Nicolaus
Weisel as co-managers.
The Company intends to use the net proceeds from the Offering to fund a
portion of the consideration for the acquisition of assets from and
loans to Ernest Health, Inc. (the "Ernest Acquisition Transactions"),
which were announced yesterday, January 31, 2012. The Offering is not
conditioned on the completion of the transactions with Ernest Health,
The Offering is expected to close on February 7, 2012, subject to
customary closing conditions. All of the shares of common stock will be
issued by the Company and will be issued under the Company's currently
effective shelf registration statement on Form S-3 filed with the
Securities and Exchange Commission ("SEC").
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any shares of the Company's common
stock, 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. The offering may be made only by means of
a prospectus and a related prospectus supplement, which have been or
will be filed with the SEC. When available, the prospectus supplement
and accompanying base prospectus may be obtained from BofA Merrill
Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus
Department or by e-mail at email@example.com
or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717 or by visiting the EDGAR
database on the SEC's web site at www.sec.gov.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a Birmingham, Alabama based
self-advised real estate investment trust formed to capitalize on the
changing trends in healthcare delivery by acquiring and developing
net-leased healthcare facilities. These facilities include inpatient
rehabilitation hospitals, long-term acute care hospitals, regional acute
care hospitals, ambulatory surgery centers and other single-discipline
healthcare facilities, such as heart hospitals and orthopedic hospitals.
The statements in this press release that are forward looking are
based on current expectations and actual results or future events may
differ materially. Words such as "expects," "believes," "anticipates,"
"intends," "will," "should" and variations of such words and similar
expressions are intended to identify such forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results of the
Company or future events to differ materially from those expressed in or
underlying such forward-looking statements, including without
limitation: the Company's ability to consummate this offering and the
use of the proceeds therefrom; the Company's ability to complete the
Ernest Acquisition Transactions on the anticipated time schedule or
terms or at all; the Company's ability to obtain or raise additional
funds; national and economic, business, real estate and other market
conditions; the competitive environment in which the Company operates;
the execution of the Company's business plan; financing risks; the
Company's ability to maintain its status as a REIT for federal income
tax purposes; acquisition and development risks; potential environmental
and other liabilities; and other factors affecting the real estate
industry generally or the healthcare real estate in particular. For
further discussion of the factors that could affect outcomes, please
refer to the "A Warning About Forward Looking Statements" and "Risk
Factors" sections of the Company's Annual Report on Form 10-K for the
year ended December 31, 2010, as amended, and as further updated by the
Company's subsequently filed Quarterly Reports on Form 10-Q and other
SEC filings. Except as otherwise required by the federal securities
laws, the Company undertakes no obligation to update the information in
this press release.
Source: Medical Properties Trust, Inc.
Medical Properties Trust, Inc.
Charles Lambert, Finance Director,