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Stock impact report

Service Properties Trust Announces $500 Million Underwritten Public Offering of Common Shares [Yahoo! Finance]

The RMR Group Inc. - Class A (RMR) 
NASDAQ:AMEX Investor Relations: rmrgroup.com/investors-and-media/default.aspx
Company Research Source: Yahoo! Finance
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 Officer and its Chief Financial Officer and Treasurer, as well as certain members of SVC's Board of Trustee Show less Read more
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