The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Michael Carroll - RBC Capital Markets - Analyst
: Yeah, thanks. Can you talk about why the working capital loans to, I guess, the former -- on the operators taking over the former
Steward assets increased to $90 million? And kind of highlight the timing of the expected repayments. I mean, how long does it take
for these operators to get the necessary ABL that could pay back those working capital loans?
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NOVEMBER 07, 2024 / 4:00PM, MPW.N - Q3 2024 Medical Properties Trust Inc Earnings Call
Question: Michael Carroll - RBC Capital Markets - Analyst
: Okay, great. And then can you provide an update on the PHP sale? And I believe last call, you kind of highlighted that the final bids
for this asset was due in August. I guess, did that sale process? Is that starting to get completed? And then maybe when you're
answering that, can you highlight why the write down in the PHP, why did that specifically occur again this quarter?
Question: Omotayo Okusanya - Deutsche Bank - Analyst
: Hi. Yes, good morning everyone. Could you please -- for the Steward assets that have not yet been transitioned that you guys are
now operating, could you just give us a sense of the earnings impact of those assets in third quarter? And how would you kind of
think about that going forward until you can also transition those assets?
Question: Nikita Bely - J.P. Morgan Securities - Analyst
: Well, couple of modelling questions. Where do you think you could issue a new secured and unsecured debt today, at what cost?
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NOVEMBER 07, 2024 / 4:00PM, MPW.N - Q3 2024 Medical Properties Trust Inc Earnings Call
Question: Nikita Bely - J.P. Morgan Securities - Analyst
: What about the early thoughts on '25 term loan maturity? You think you'll extend it or pay it off with sales?
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