Medical Properties Trust Announces Public Offering of Common Stock
Medical Properties Trust, Inc. (NYSE: MPW) announced today that it plans to make a public offering of its common stock. BofA Merrill Lynch, J.P. Morgan, Deutsche Bank Securities, KeyBanc Capital Market and RBC Capital Markets will act as joint-book running managers for the proposed offering. SunTrust Robinson Humphrey will serve as lead manager.
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., which were also announced today. The offering is not conditioned on the completion of the transactions with Ernest Health, Inc.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.