Service Properties Trust Announces Pricing of $500 Million Underwritten Public Offering of Common Shares [Yahoo! Finance]
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: Yahoo! Finance
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 & Co., Ladenburg Thalmann and Siebert are acting as co-managers of the offering. The offering is being ma
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News
- 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
- Service Properties Trust prices $500M stock at $1.20 per share [Seeking Alpha]Seeking Alpha
- Service Properties Trust Announces Pricing of $500 Million Underwritten Public Offering of Common SharesBusiness Wire
SVC
Earnings
- 2/25/26 - Beat
SVC
Sec Filings
- 4/6/26 - Form 4
- 4/6/26 - Form 4
- 4/2/26 - Form 4
- SVC's page on the SEC website