{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-018366","form_type":"8-K","ticker":"SVC","cik":"0000945394","company_name":"Service Properties Trust","filed_at":"2026-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.093789+00:00","generated_at":"2026-05-16T01:22:23.527377+00:00","sec_items":["8.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SVC plans $745M ABS securitization to fund redemption of $700M 8.375% notes","bullets":["Issuers to sell $745M ABS notes in three tranches: Class A $220M at 5.157%, Class B $375M at 5.795%, Class M $150M at 7.549%.","Net proceeds of ~$730M to redeem all $700M 8.375% Senior Notes due 2029 and for general corporate purposes.","ABS notes secured by 472 net lease retail properties; non-recourse; expected maturity March 2031, callable at par March 2029.","Redemption of 2029 notes expected on or about March 7, 2026, funded with ABS proceeds."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-018366","json":"https://secwatch.observer/filing/0001104659-26-018366.json","markdown":"https://secwatch.observer/filing/0001104659-26-018366.md","text":"https://secwatch.observer/filing/0001104659-26-018366.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/945394/000110465926018366/0001104659-26-018366-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/945394/000110465926018366/tm266955d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T01:22:23.527377+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"}