---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-078734"
form_type: "8-K"
ticker: "SVC"
cik: "0000945394"
company_name: "Service Properties Trust"
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T12:24:25.022699+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Service Properties Trust enters $650M secured credit facility, replacing $800M facility

## Summary
- New $650M secured revolving credit facility replaces $800M facility that was maturing July 15, 2023.
- Maturity date is June 29, 2027, with two six-month extension options subject to conditions.
- Interest rate based on SOFR plus margin of 1.50%-3.00% (initially 2.50%) based on leverage ratio.
- Facility secured by 69 properties: 66 hotels and 3 net lease properties; includes amended pledge agreement.
- Financial covenants modified; acceleration upon change of control, including if RMR Group ceases as business manager.

## SEC filing metadata
- accession: 0001104659-23-078734
- form_type: 8-K
- ticker: SVC
- cik: 0000945394
- company_name: Service Properties Trust
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945394/000110465923078734/0001104659-23-078734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945394/000110465923078734/tm2320667d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-078734
- JSON: https://secwatch.observer/filing/0001104659-23-078734.json
- Plain text: https://secwatch.observer/filing/0001104659-23-078734.txt

## Key facts
- Debt Financings
  Service Properties Trust incurred revolving credit of $650 million with Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders at SOFR plus a margin ranging from 1.50% to 3.00% based on our leverage ratio, as d maturing June 29, 2027.
  - Instrument: revolving credit
  - Principal: $650 million
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders
  - Rate: SOFR plus a margin ranging from 1.50% to 3.00% based on our leverage ratio, as d
  - Maturity: June 29, 2027
  - Event: incurrence
  source text: On June 29, 2023, Service Properties Trust entered into an amended and restated credit agreement with Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders, or the Credit Agreement, governing a $650 million secured revolving credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945394/000110465923078734/0001104659-23-078734-index.htm
- Material Agreements
  Service Properties Trust amended Pledge Agreement with Wells Fargo Bank, National Association, in its capacity as administrative agent (effective 2023-06-29).
  - Action: amendment
  - Counterparty: Wells Fargo Bank, National Association, in its capacity as administrative agent
  - Effective: 2023-06-29
  source text: In connection with the new facility, we and certain of our subsidiaries, or the Pledgors, entered into an amended and restated pledge agreement in favor of Wells Fargo Bank, National Association, in its capacity as administrative agent, or the Pledge Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945394/000110465923078734/0001104659-23-078734-index.htm
- Material Agreements
  Service Properties Trust amended Credit Agreement with Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders valued at $650 million (effective 2023-06-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders
  - Value: $650 million
  - Effective: 2023-06-29
  source text: On June 29, 2023, Service Properties Trust entered into an amended and restated credit agreement with Wells Fargo Bank, National Association, as administrative agent and a lender, and a syndicate of other lenders, or the Credit Agreement, governing a $650 million secured revolving credit facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945394/000110465923078734/0001104659-23-078734-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.