checkAd

     199  0 Kommentare Service Properties Trust Announces Pricing Terms of its Tender Offer for up to $350,000,000 of its Outstanding 4.25% Senior Notes Due 2021 - Seite 2

    As announced earlier today, SVC will accept all Notes validly tendered and not validly withdrawn on or before the Early Tender Deadline up to the Tender Cap. Since Notes were tendered in the Offer in an amount in excess of the Tender Cap, SVC will accept the tendered Notes subject to proration. Furthermore, since the Offer was fully subscribed as of the Early Tender Deadline, Holders who validly tender Notes following the Early Tender Deadline will not have any of their Notes accepted for purchase.

    The deadline to validly withdraw tenders has passed. Accordingly, the Notes that were already tendered at the Early Tender Deadline may not be withdrawn, except in limited circumstances where additional withdrawal rights are required by law.

    BofA Securities, and Wells Fargo Securities are acting as dealer managers for the Offer. The tender agent and information agent for the tender offer is Global Bondholder Services Corporation. Questions regarding the tender offer may be directed to BofA Securities at (980) 387-3907 (collect) or (888) 292-0070 (U.S. toll-free) or Wells Fargo Securities at (704) 410-4759 (collect) or (866) 309-6316 (U.S. toll-free). Holders who would like additional copies of the offer documents may call the information agent, Global Bondholder Services Corporation at (212) 430-3774 (collect, for banks or brokers) or (866) 470-3700 (toll-free, for all others) or by e-mail at contact@gbsc-usa.com.

    This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The tender offer is being made solely by means of the Offer to Purchase and the related Letter of Transmittal that SVC has distributed to holders of Notes.

    About Service Properties Trust

    Service Properties Trust is a REIT which owns a diverse portfolio of hotels and net lease service and necessity-based retail properties across the United States and in Puerto Rico and Canada with 148 distinct brands across 23 industries. SVC’s properties are primarily operated under long-term management or lease agreements. SVC is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), or RMR Inc., an alternative asset management company that is headquartered in Newton, Massachusetts.

    Seite 2 von 3



    Business Wire (engl.)
    0 Follower
    Autor folgen

    Service Properties Trust Announces Pricing Terms of its Tender Offer for up to $350,000,000 of its Outstanding 4.25% Senior Notes Due 2021 - Seite 2 Service Properties Trust (Nasdaq: SVC), or SVC, a Maryland real estate investment trust, or REIT, announced today the pricing terms of its previously announced cash tender offer, or the Offer, to purchase up to $350,000,000, or the Tender Cap, of …