Service Properties Trust - Shares of Beneficial Interest (SVC)

Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its fourth quarter 2024 results after the Nasdaq closes on Wednesday, February 26, 2025. On Thursday, February 27, 2025 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results.

Service Properties Trust (Nasdaq: SVC) today announced that the characterization of dividends for 2024 income tax reporting purposes is as follows:

Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.01 per share ($0.04 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on January 27, 2025 and distributed on or about February 20, 2025.

Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 2024, which can be found at the Quarterly Results section of SVC’s website at https://www.svcreit.com/investors/financial-information/default.aspx.

Service Properties Trust (Nasdaq: SVC) today announced that SVC’s Board of Trustees has reduced SVC’s regular quarterly cash distribution on its common shares from $0.20 per common share ($0.80 per share per year) to $0.01 per common share ($0.04 per share per year). The dividend reduction will result in $127 million of annual savings.

Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its third quarter 2024 results after the Nasdaq closes on Wednesday, November 6, 2024. On Thursday, November 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results.

Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended June 30, 2024, which can be found at the Quarterly Results section of SVC’s website at https://www.svcreit.com/investors/financial-information/default.aspx.

Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on July 22, 2024 and distributed on or about August 15, 2024.

Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its second quarter 2024 results after the Nasdaq closes on Tuesday, August 6, 2024. On Wednesday, August 7, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves, Chief Financial Officer and Treasurer Brian Donley and Vice President Jesse Abair will host a conference call to discuss these results.

Service Properties Trust (Nasdaq: SVC), or SVC, today announced that Jesse Abair has been appointed as Vice President.

Service Properties Trust (Nasdaq: SVC) today announced that President and Chief Investment Officer Todd Hargreaves together with Treasurer and Chief Financial Officer Brian Donley will be presenting at Nareit’s REITweek 2024 Investor Conference in New York, NY on Wednesday, June 5, 2024 at 10:15 a.m. Eastern Time.

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.

Service Properties Trust (Nasdaq: SVC) today announced the early tender results as of 5:00 p.m. Eastern Time on May 29, 2024, 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, and a related consent solicitation, or the Consent Solicitation, for certain proposed amendments to the indenture governing the Notes, or the Indenture, as described below. The terms and conditions of the Offer and the Consent Solicitation are described in an Offer to Purchase and Consent Solicitation Statement, dated May 15, 2024.

Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has priced underwritten public offerings of $700.0 million of 8.375% Senior Guaranteed Unsecured Notes due 2029 and $500.0 million of 8.875% Senior Guaranteed Unsecured Notes due 2032. Both series of notes will be guaranteed by certain of SVC’s subsidiaries. The settlement of the offerings is expected to occur on June 3, 2024, subject to the satisfaction of customary closing conditions. SVC expects to use the net proceeds from the offerings to redeem $800.0 million principal amount outstanding of its 7.50% senior unsecured notes due 2025, or the 7.50% Notes, and, together with cash on hand to the extent necessary, (1) to fund the purchase of any and all of the $350.0 million principal amount outstanding of its 4.50% senior unsecured notes due 2025, or the 4.50% Notes, including any premium and accrued and unpaid interest on the tendered notes, pursuant to its previously announced tender offer, or the Tender Offer, and (2) to the extent any of the 4.50% Notes have not been tendered pursuant to the Tender Offer, effect the satisfaction and discharge of such notes, or the Satisfaction and Discharge. SVC expects to use any remaining proceeds for general business purposes.

Service Properties Trust (Nasdaq: SVC) today announced that it has commenced a 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, and a related consent solicitation for certain proposed amendments to the indenture governing the Notes, or the Indenture, as described below.

Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended March 31, 2024, which can be found at the Quarterly Results section of SVC’s website at https://www.svcreit.com/investors/financial-information/default.aspx.

Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on April 22, 2024 and distributed on or about May 16, 2024.

Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its first quarter 2024 results after the Nasdaq closes on Tuesday, May 7, 2024. On Wednesday, May 8, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer Brian Donley will host a conference call to discuss these results.

Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended December 31, 2023, which can be found at the Quarterly Results section of SVC’s website at https://www.svcreit.com/investors/financial-information/default.aspx.

Service Properties Trust (Nasdaq: SVC) today announced that it will issue a press release containing its fourth quarter 2023 results after the Nasdaq closes on Wednesday, February 28, 2024. On Thursday, February 29, 2024 at 10:00 a.m. Eastern Time, President and Chief Investment Officer Todd Hargreaves and Chief Financial Officer Brian Donley will host a conference call to discuss these results.

Service Properties Trust (Nasdaq: SVC) today announced that the characterization of dividends for 2023 income tax reporting purposes is as follows:

Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on January 22, 2024 and distributed on or about February 15, 2024.

Service Properties Trust (Nasdaq: SVC) today announced that it has priced $1.0 billion aggregate principal amount of 8.625% senior secured notes due 2031. The closing is expected to occur on November 16, 2023, subject to the satisfaction of customary closing conditions. The new notes are guaranteed by certain of SVC’s subsidiaries and secured by first-priority liens on the equity interests of subsidiaries that own and lease 70 of its travel center properties to TravelCenters of America Inc. pursuant to two master leases (which SVC refers to as its TA Lease No. 3 and TA Lease No. 4). The aggregate annual minimum rent under the two leases is approximately $91.0 million. The net proceeds from this transaction, after initial purchaser discounts and offering costs, are expected to be approximately $965.0 million and will be used for the repayment of outstanding debt.

Service Properties Trust (Nasdaq: SVC) today announced its financial results for the quarter ended September 30, 2023, which can be found at the Quarterly Results section of SVC’s website at https://www.svcreit.com/investors/financial-information/default.aspx.

Service Properties Trust (Nasdaq: SVC) today announced a regular quarterly cash distribution on its common shares of $0.20 per common share ($0.80 per share per year). This distribution will be paid to SVC’s common shareholders of record as of the close of business on October 23, 2023 and distributed on or about November 16, 2023.