Service Properties Trust Priced $1.0B Aggregate Principal Amount Of 8.625% Senior Secured Notes Due 2031
Portfolio Pulse from Benzinga Newsdesk
Service Properties Trust has priced $1.0 billion aggregate principal amount of 8.625% senior secured notes due 2031.

November 09, 2023 | 12:21 pm
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NEUTRAL IMPACT
Service Properties Trust's pricing of $1.0 billion of 8.625% senior secured notes could impact its financial stability and stock performance.
The pricing of these senior secured notes will increase Service Properties Trust's debt, which could impact its financial stability. However, the funds raised could be used for beneficial investments or to pay off existing debt, which could positively impact the company's stock performance. The exact impact will depend on how the funds are used.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100