Service Properties Trust Announces Successful Public Offering and Redemption of Senior Notes

Service Properties Trust has closed an underwritten public offering of 479.2 million common shares at $1.20 per share, raising approximately $542.3 million in net proceeds. The company plans to use the funds to redeem $550 million in outstanding senior notes. Yorkville Securities acted as lead bookrunner, and Jones acted as bookrunning manager for the offering.