Medical Properties Trust Divests $105M Of Its Interest In Steward's Credit Facility
Portfolio Pulse from Shivani Kumaresan
Medical Properties Trust Inc (NYSE:MPW) has sold $105 million of its interest in Steward Health Care System's new syndicated asset-backed credit facility to a global asset manager. The move is part of the company's focus on reducing leverage and comes ahead of the facility's maturity, removing market concerns about Steward's ability to refinance.
August 18, 2023 | 10:19 am
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Medical Properties Trust has sold a significant portion of its interest in Steward Health Care System's credit facility. This move could be seen as a positive step towards reducing the company's leverage.
The sale of a significant portion of its interest in Steward Health Care System's credit facility shows that Medical Properties Trust is actively working to reduce its leverage. This could be seen as a positive move by investors, potentially leading to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100