09:58 AM EDT, 05/24/2024 (MT Newswires) -- Medical Properties Trust ( MPW ) said Friday that it closed a roughly 631 million pound ($800 million) loan backed by 27 of the 36 facilities it leases to Circle Health in the UK.
The lending group was led by European real estate investment firm Song Capital, the company said.
The loan has a 6.9% fixed cash pay rate over the 10-year term excluding debt issuance costs, Medical Properties Trust ( MPW ) said.
The company said it plans to use the proceeds to repay debt and for other general corporate purposes.
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