Medical Properties Trust Taps Bank Revolver To Pay Back Loan (1)

Medical Properties Trust Inc. drew down on a revolving credit facility to repay loans maturing this week as it grapples with the bankruptcies of two of its health-care operator tenants.

The hospital landlord paid an approximately £570 million ($700 million) term loan due Wednesday by tapping a $1.28 billion bank revolver, of which it had previously drawn about $400 million, according to people with knowledge of the transactions, who spoke on the condition of anonymity.

The company also used some cash on hand to help repay the term loan, one of the people said. A representative for Medical Properties Trust ...