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Published on 6/2/2020 in the Prospect News Investment Grade Daily.

Investment Grade Calendar

June 3

SERVICE PROPERTIES TRUST:

• $500 million of senior notes due Sept. 1, 2025 (Baa3/BB+)

• BofA Securities Inc. and Wells Fargo Securities LLC (bookrunners)

• Guaranteed by company subsidiaries

• Proceeds to repay borrowings under the company’s revolving credit facility

• Newton, Mass.-based real estate investment trust that owns a portfolio of hotels and net lease service and necessity-based retail properties

On The Horizon

OFFICE PROPERTIES INCOME TRUST:

• $300 million of senior notes due Sept. 15, 2027

• Initial price talk at Treasuries plus 537.5 bps area

• Citigroup Global Markets Inc., PNC Capital Markets LLC and Wells Fargo Securities LLC (bookrunners)

• Proceeds to repay borrowings under the company’s revolving credit facility and for general business purposes, including debt repayment

• Newton, Mass.-based real estate investment trust


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