Medical Properties Trust, announced that it has sold $105 million of its interest in Steward Health Care System’s (“Steward”) new syndicated asset-backed credit facility to a leading global asset manager with more than $100 billion in assets under management.
Latest Fintech Interview Global Fintech Interview with Brian Halpin, SVP, SS&C Blue Prism Internal Automation
“As we said during our recent quarterly update, this new ABL facility significantly enhanced Steward’s available liquidity and flexibility at a time when its operations continue to perform well,” said Edward K. Aldag, Jr., Chairman, President and CEO. “MPT’s participation enabled Steward to close on this facility months ahead of maturity, removing market concerns around its ability to refinance. This prompt reduction in MPT’s commitment to the facility reflects the Company’s focus on reducing leverage as well as the continued strong level of participation interest from sophisticated third-party lenders.”
Read More About Fintech Interview: Global Fintech Interview with Ralph Dangelmaier, CEO & Board Member at BlueSnap
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world’s largest owners of hospital real estate with 444 facilities and approximately 44,000 licensed beds in ten countries and across four continents. MPT’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.
Browse The Complete Interview About Fintech : Global Fintech Interview with Marc Kuzak, Vice President of Legal at Yapily
[To share your insights with us, please write to sghosh@martechseries.com]
