Brief: Service Properties Trust Agrees To Amended Lease Terms Upon Completion Of BP’S Acquisition Of Travelcenters Of America Inc.

Service Properties Trust

16/02/2023 13:13

Service Properties Trust  SVC.O :
    * SERVICE PROPERTIES TRUST AGREES TO AMENDED LEASE TERMS
UPON
COMPLETION OF BP’S ACQUISITION OF TRAVELCENTERS OF AMERICA INC.
    * SERVICE PROPERTIES TRUST - SVC EXPECTS TO RECEIVE $379.3
MILLION
IN CASH FROM TRANSACTION AT CLOSING
    * SERVICE PROPERTIES TRUST - AMENDED LEASES TO INCREASE
ANNUAL
RENTS BY ABOUT $20.5 MILLION, OR $0.12 PER SHARE PER YEAR, OVER
INITIAL 10-YEAR TERMS

Source text for Eikon:  ID:nBw4VxtN6a 
Further company coverage:  SVC.O