Medical Properties Trust Inc., a Birmingham, Ala.-based real estate investment trust, has announced the pricing of $125 million of exchangeable senior notes by its operating partnership, MPR Operating Partnership LP.The offering, made to qualified institutional buyers, had an initial exchange rate of 60.3346 common shares per $1,000 principal amount of the notes, representing an exchange price of approximately $16.57 per common share, the REIT reported. The initial purchasers have been granted an option to buy up to $13 million in additional notes to cover any overallotments. The REIT can be found online at http://www.medicalpropertiestrust.com.
-
Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
1h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
2h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
4h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
4h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18