MPT Gets $2.5 Billion in Debt as Hospital Tenants Weigh on REIT

Hospital landlord Medical Properties Trust Inc.clinched about $2.5 billion in debt financing, signaling a brighter outlook for the firm that just weeks ago drew down its revolving credit facility to repay loans following the bankruptcies of two of its tenants.

A group of credit investors including GoldenTree Asset Management, which already held some of MPT’s outstanding debt, lined up more than $10 billion in demand this week for the euro- and dollar-denominated bonds, according to people with knowledge of the matter. GoldenTree was one of several anchor buyers of the debt, said the people, who asked not to ...