Summary by Moomoo AI
On April 12, 2024, Medical Properties Trust Inc. (MPT), a Maryland corporation, and its operating partnership, MPT Operating Partnership, L.P., a Delaware limited partnership, announced significant financial transactions. MPT entered into amendments to its credit facilities, reducing revolving commitments from $1.8 billion to $1.4 billion, and lowering the maximum permitted secured leverage ratio. These amendments were made possible by the sale of MPT's interest in five Utah hospitals to a joint venture with Blue Owl RE Nucleus Holdco LLC, generating $1.1 billion in cash proceeds. The company also repaid all outstanding obligations under the Australia Facility on April 18, 2024. The Utah hospitals' transaction involved MPT retaining a 25% interest in the joint venture, valued at approximately $1.2 billion, while the fund purchased a 75% interest for $886 million...Show More