April 2, 2026
Announces Early Redemption of $100 Million 4.95% Senior Notes Due February 2027 and $450 Million 5.50% Senior Notes Due December 2027 Service Properties Trust (Nasdaq: SVC) today announced the closing of its underwritten public offering of 479.2 million common shares of beneficial interest, including 62.5 million common shares of beneficial interest issued upon the exercise in full by the underwriters of their option to purchase additional common shares, at a public offering price of $1.20 per share, before underwriting discounts and commissions. The net proceeds from the offering were approximately $542.3 million, after payment of the underwriting discount and other estimated offering expenses payable by SVC. SVC also announced the early redemption, in full, of the $100.0 million principal amount outstanding of its 4.95% senior notes due 2027 and $450.0 million principal amount outstanding of its 5.50% senior notes due 2027, in each case, at a redemption price equal to the redeemed...
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 &...