Commentary & Deal Flow

MPT Operating Partnership LP/MPT Finance Corp (Medical Properties Trust) (MPW) announced it plans to offer $2bn and EUR5000m 144A/Reg S  sr sec notes due 2032. UOP: redeem its EUR500m 3.325% sr notes due 03/24/25 (callable at 100), GBP500m 2.50% sr notes due 03/24/26 (MWC G+35bp) and US$500m 5.25% sr notes due 08/01/26 (callable at 100), and GCP, including repaying other debt. Biz: a self-advised REIT formed to acquire and develop net-leased healthcare facilities. HQ: Birmingham, AL.