10:01 AM EST, 01/29/2025 (MT Newswires) -- Medical Properties Trust ( MPW ) said Wednesday its operating partnership MPT and MPT Finance, a unit of the operating partnership, have started a private offering of up to $2 billion of senior secured notes due 2032 and 500 million euros ($519.9 million) of senior secured notes due 2032.

Part of the net proceeds will be used to fund the redemption in full of the issuers' 3.325% senior notes due 2025, 2.5% senior notes due 2026 and 5.25% senior notes due 2026, the company said.

Any remaining proceeds will be for general corporate purposes, which may include repaying debt, it said.

Medical Properties Trust ( MPW ) shares were falling past 2% in recent trading.

Price: 4.35, Change: -0.10, Percent Change: -2.22