Service Properties Trust Announces a Tender Offer for its $350,000,000 Outstanding 4.50% Senior Notes Due 2025

Service Properties Trust (Nasdaq: SVC) today announced that it has commenced a cash tender offer, or the Offer, to purchase any and all of its outstanding $350,000,000 aggregate principal amount of 4.50% Senior Notes due 2025 (CUSIP No. 44106MAT9), or the Notes, and a related consent solicitation for certain proposed amendments to the indenture governing the Notes, or the Indenture, as described below.

The following table sets forth certain terms of the Offer:

Title of Notes	CUSIP/ISIN	Outstanding Principal Amount	UST Reference Security	Bloomberg Reference Page(1)	Fixed Spread (bps)	Early Tender Payment(2)(3)
4.50% Senior Notes due 2025	CUSIP: 44106M AT9 ISIN: US44106MAT99	$350,000,000	1.750% UST due 3/15/2025	FIT3	+35 bps	$50.00

(1)		The applicable page on Bloomberg from which the Dealer Manager (as defined below) will quote the bid side price of the applicable U.S. Treasury security. In the table above “UST” denotes a U.S. Treasury security.
(2)		Per $1,000 principal amount of Notes tendered and accepted for purchase.
(3)		Included in the Total Consideration for Notes tendered and accepted for purchase on or prior to the Early Tender Deadline.

The Offer is being made upon, and is subject to, the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated May 15, 2024, or the Offer to Purchase. The Offer will expire at 5:00 p.m., New York City time, on June 13, 2024, unless extended by SVC, or the Expiration Date, or earlier terminated. Tenders of Notes may be withdrawn at any time at or prior to 5:00 p.m., New York City time, on May 29, 2024, which is also the Early Tender Deadline, but may not be withdrawn thereafter except in certain limited circumstances as described in the Offer to Purchase.