Service Properties Trust Announces Successful Public Offering and Redemption of Senior Notes
ByAinvest
Thursday, Apr 2, 2026 4:31 pm ET1min read
SVC--
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.
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