Debt ReductionThe company paid off the $300 million Australian term loan due in 2024 and reduce borrowings under the revolving credit facility.
Liquidity ImprovementThe venture secured new financing, providing an extra $190 million in cash to MPW, totaling about $1.1 billion in liquidity, mainly for debt reduction.
Strategic PartnershipsMPW recently sold its interests in five Utah hospitals to a newly formed joint venture with an investment fund affiliated with a leading multi-billion dollar institutional asset manager with a proven track record in real estate investments.