Service Properties Trust Announces $500 Million Underwritten Public Offering of Common Shares
Service Properties Trust - Shares of Beneficial Interest (SVC)
Last service properties trust - shares of beneficial interest earnings: 2/28 07:00 am
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Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--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
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SVC
News
- Service Properties Trust Announces Quarterly Dividend on Common SharesBusiness Wire
- Service Properties Trust First Quarter 2026 Conference Call Scheduled for Thursday, May 7thBusiness Wire
- Service Properties Trust Announces Closing of Underwritten Public Offering and Full Exercise of Option [Yahoo! Finance]Yahoo! Finance
- Service Properties Trust Announces Closing of Underwritten Public Offering and Full Exercise of OptionBusiness Wire
- Service Properties Trust (SVC) was upgraded by B. Riley Financial, Inc. from "neutral" to "buy". They now have a $2.00 price target on the stock.MarketBeat
SVC
Earnings
- 2/25/26 - Beat
SVC
Sec Filings
- 4/9/26 - Form SCHEDULE
- 4/9/26 - Form SCHEDULE
- 4/8/26 - Form SCHEDULE
- SVC's page on the SEC website