Service Properties to redeem $500 million 5% senior notes on June 15

By Rebecca Melvin

Concord, N.H., May 13 – Service Properties Trust will redeem $500 million outstanding 5% senior notes due August 2022 on June 15, according to a company news release.

The notes will be redeemed at par plus interest up to but excluding the June 15 redemption date.

The company’s news release corrected and replaced an earlier version with a June 30 redemption date.

The redemption is expected to be funded using cash on hand.

Service Properties Trust is a Newton, Mass.-based real estate investment trust that owns a portfolio of hotels and net lease service and necessity-based retail properties.

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