{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-092764","form_type":"8-K","ticker":"SVC","cik":"0000945394","company_name":"Service Properties Trust","filed_at":"2025-09-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.750298+00:00","generated_at":"2026-05-17T05:51:17.464974+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Service Properties Trust issues $580M zero-coupon secured notes due 2027, redeems $450M 2026 notes","bullets":["Issued $580.155M aggregate principal at maturity of zero-coupon senior secured notes due September 30, 2027, with one-year extension option.","Net proceeds of ~$490M used to redeem all $450M of 4.750% senior notes due 2026 (expected Oct 16) and reduce revolver.","Notes accrete at 7.50% compounded semiannually; initial accreted value $861.84 per $1,000 principal at maturity.","Notes secured by first-priority liens on equity interests of TA Landlord Subsidiaries (TravelCenters of America properties).","Redemption of 2026 notes includes make-whole premium plus accrued interest; funded from new notes offering."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-092764","json":"https://secwatch.observer/filing/0001104659-25-092764.json","markdown":"https://secwatch.observer/filing/0001104659-25-092764.md","text":"https://secwatch.observer/filing/0001104659-25-092764.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/945394/000110465925092764/0001104659-25-092764-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/945394/000110465925092764/tm2526693d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:51:17.464974+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}