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Stock impact report

Service Properties Trust Announces Early Redemption of its $500 Million of Outstanding 5.000% Senior Notes Due August 2022

Service Properties Trust - Shares of Beneficial Interest (SVC) 
Last service properties trust - shares of beneficial interest earnings: 2/28 07:00 am Check Earnings Report
Company Research Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced the early redemption of its outstanding 5.000% Senior Notes due August 2022 at a redemption price equal to the principal amount of $500 million, plus accrued and unpaid interest to, but excluding the date of redemption. The redemption price is expected to be paid on or about June 30, 2022. SVC currently expects to fund this redemption by using cash on hand.About Service Properties TrustService Properties Trust (Nasdaq: SVC) is a real estate investment trust, or REIT, with more than $12 billion invested in two asset categories: hotels and service-focused retail net lease properties. SVC owns 298 hotels with over 47,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service. SVC also owns nearly 800 retail service focused net lease properties totaling over 13.5 million square feet throughout United States. SVC is managed b Show less Read more
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