Weil advised Service Properties Trust, a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties, in connection with its offering of $580 million of zero coupon Senior Secured Notes due 2027. The proceeds will be used to redeem certain outstanding 4.750% Senior Notes due 2026 and to reduce amounts under Service Properties Trust’s revolving credit facility.

The Weil deal team was led by Capital Markets partner Heather Emmel. The team also included Capital Markets associates Michael Cremers, Julia Yu and Leigh Dannhauser; Banking & Finance partner Brendan Conley and associate Keiko Quiñones-Osumi; Tax partner Hillel Jacobson and associate Drew Coleman (Not Yet Admitted in New York); and Executive Compensation & Benefits partner Sarah Downie.