Service Properties Trust Announces Pricing of Tender Offer for its $350,000,000 Outstanding 4.50% Senior Notes Due 2025
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 the pricing of its previously announced cash tender offer, or the Offer, to purchase any and all of its outstanding $350,000,000 aggregate principal amount of 4.50% Senior Notes due 2025 (CUSIP No. 44106MAT9), or the Notes. The terms and conditions of the Offer are described in an Offer to Purchase and Consent Solicitation Statement, dated May 15, 2024.The total consideration, or the Total Consideration, for the Notes is based on the yield to maturity of the applicable U.S. Treasury Security, or the Reference Yield, plus a fixed spread, as set forth in the table below. The Reference Yield (as determined pursuant to the Offer to Purchase and Consent Solicitation Statement) was determined at 10:00 a.m., New York City time, today, May 30, 2024, by the dealer manager identified below. The following table sets forth certain information regarding the Offer, including the Reference Yield and the Total
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News
- Service Properties Trust Appoints Jesse Abair as Vice PresidentBusiness Wire
- Service Properties Trust to Present at Nareit’s REITweek 2024 Investor Conference on Wednesday, June 5thBusiness Wire
- Service Properties Trust Announces Pricing of Tender Offer for its $350,000,000 Outstanding 4.50% Senior Notes Due 2025 [Yahoo! Finance]Yahoo! Finance
- Service Properties Trust Announces Early Tender Offer Results for its $350,000,000 Outstanding 4.50% Senior Notes Due 2025 [Yahoo! Finance]Yahoo! Finance
- Service Properties Trust Announces Early Tender Offer Results for its $350,000,000 Outstanding 4.50% Senior Notes Due 2025Business Wire
SVC
Earnings
- 5/7/24 - Miss
SVC
Sec Filings
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- SVC's page on the SEC website