March 31, 2026
Service Properties Trust (Nasdaq: SVC) today announced the pricing of its underwritten public offering of 416.7 million common shares of beneficial interest at a price to the public of $1.20 per share. The total gross proceeds to SVC are expected to be $500 million, before deducting underwriting discounts and commissions and other offering expenses payable by SVC. The settlement of this offering is expected to occur on or about April 2, 2026. The underwriters have also been granted a 30-day option to purchase up to an additional 62.5 million common shares. SVC expects to use the net proceeds of the offering, together with cash on hand, to redeem all or a portion of the $100.0 million principal amount outstanding of its 4.95% senior notes due 2027 and/or the $450.0 million principal amount outstanding of its 5.50% senior notes due 2027. Yorkville Securities is acting as lead bookrunner and Jones is acting as bookrunning manager of the offering. B. Riley Securities, Oppenheimer &...
March 30, 2026
Service Properties Trust (Nasdaq: SVC) today announced that it has commenced a $500.0 million underwritten public offering of its common shares of beneficial interest. SVC expects to use the net proceeds of this proposed offering to redeem all or a portion of the $100.0 million principal amount outstanding of its 4.95% senior notes due 2027 and/or the $450.0 million principal amount outstanding of its 5.50% senior notes due 2027. It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 15% of the number of common shares to be issued and sold in the proposed offering at the public offering price, less underwriting discounts and commissions. Helix Partners (Helix) and The RMR Group (Nasdaq: RMR), SVC’s manager, have provided indications of interest to purchase up to $100.0 million and $50.0 million, respectively, of common shares in the proposed offering at the public offering price. In addition, SVC’s President and Chief Executive...