Service Properties Trust Agrees to Amended Lease Terms Upon Completion of BP's Acquisition of TravelCenters of America Inc.

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Feb 16, 2023

Service+Properties+Trust+%28Nasdaq%3A+SVC%29 today announced that it has agreed to amend its existing leases and guarantees with TravelCenters of America Inc. (Nasdaq: TA) effective upon the completion of the pending acquisition of TA by BP p.l.c. (NYSE: BP) for cash consideration of $86.00 per share of TA common stock outstanding (the “BP Acquisition”).