10:36 AM EDT, 06/17/2025 (MT Newswires) -- Medical Properties Trust ( MPW ) and Praemia REIM said Tuesday their joint venture has refinanced its maturing seven-year debt facility at a 5.1% fixed rate.

The 702.5 million euro ($811 million) non-recourse, 10-year non-amortizing debt is secured by a portfolio of German rehabilitation hospitals operated by Median, the companies said.

The majority of the new loan will fund repayment of the 655 million euro secured loan arranged upon the formation of the JV in 2018, the companies said.

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