---
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"
generated_at: "2026-05-17T05:51:17.464974+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Service Properties Trust issues $580M zero-coupon secured notes due 2027, redeems $450M 2026 notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-092764
- JSON: https://secwatch.observer/filing/0001104659-25-092764.json
- Plain text: https://secwatch.observer/filing/0001104659-25-092764.txt

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