Amended Statement of Beneficial Ownership (sc 13d/a)
May 18 2023 - 6:39AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE
COMMISSION
Washington,
D.C. 20549
SCHEDULE
13D/A
Under the Securities
Exchange Act of 1934
(Amendment No. 1)*
TRAVELCENTERS
OF AMERICA INC.
(Name of Issuer)
Common Stock,
$0.001 par value
(Title of Class of Securities)
89421B
109
(CUSIP Number)
Brian E. Donley
Chief Financial Officer and Treasurer
Service Properties Trust
Two Newton Place, 255 Washington Street, Suite 300
Newton, MA 02458
(617) 796-8350
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 15,
2023
(Date of Event Which Requires Filing of This Statement)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. x
* The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise
subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP
No. 89421B 109 |
13D |
Page 1
of 4 Pages |
1. |
Names of Reporting Persons
Service Properties Trust |
2. |
Check the Appropriate Box if a Member of a Group
(See Instructions)
|
(a) ¨
(b) ¨ |
3. |
SEC Use Only
|
4. |
Source of Funds
WC, OO |
5. |
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o |
6. |
Citizenship or Place of Organization
Maryland |
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
7. |
Sole Voting Power
0 |
8. |
Shared Voting Power
0 |
9. |
Sole Dispositive Power
0 |
10. |
Shared Dispositive Power
0 |
11. |
Aggregate Amount Beneficially Owned by Each Reporting Person
0 |
12. |
Check if the Aggregate Amount in Row (11) Excludes Certain
Shares
(See Instructions)
|
o |
13. |
Percent of Class Represented by Amount in Row (11)
0% |
14. |
Type
of Reporting Person (See Instructions)
OO |
|
|
|
|
|
|
CUSIP
No. 89421B 109 |
13D |
Page 2
of 4 Pages |
This Amendment No. 1 (this “Schedule 13D/A”) to the original
Schedule 13D filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 22, 2023 (the “Original
Schedule 13D”) is being filed by Service Properties Trust, a Maryland real estate investment trust (“SVC” or the “Reporting
Person”), in connection with the closing of the acquisition of the shares of common stock, par value $0.001 per share (“Common
Shares”), of TravelCenters of America Inc., a Maryland corporation (the “Issuer”), including all of the Common Shares
beneficially owned by the Reporting Person, by BP Products North America Inc. (“BP”) in a merger transaction (the “Merger”),
for cash consideration of $86.00 per outstanding Common Share pursuant to an agreement and plan of merger (the “Merger Agreement”)
among the Issuer, BP and its merger subsidiary (the Merger and the other transactions contemplated by the Merger Agreement, collectively,
the “BP Acquisition”).
Item 1.
Security and Issuer.
The class of equity securities to which this Schedule 13D relates is
the shares of common stock, par value $0.001 per share, of the Issuer. The Issuer’s principal executive offices are located at 24601
Center Ridge Road, Westlake, Ohio 44145.
Item 2.
Identity and Background.
“Item
2. Identity and Background” of the Schedule 13D/A contained in the Schedule 13D is
not being amended by this Schedule 13D/A.
Item 3.
Source and Amount of Funds or Other Consideration.
“Item 3. Source and Amount
of Funds or Other Consideration” contained in the Schedule 13D is not being amended by this Schedule 13D/A.
Item 4.
Purpose of Transaction.
“Item
4. Purpose of Transaction” of the Original Schedule 13D contained in the Schedule 13D
is hereby amended to include the following:
On
May 15, 2023, the BP Acquisition was consummated and pursuant to the Merger Agreement, at the effective time of the Merger (the
“Effective Time”), each Common Share that was outstanding immediately prior to the Effective Time (other than Common Shares
(i) owned by BP or its merger subsidiary immediately prior to the Effective Time or (ii) held by any subsidiary of the Issuer or BP (other
than merger subsidiary) immediately prior to the Effective Time), was converted into the right to receive $86.00 in cash, without interest
(the “Merger Consideration”), including Common Shares owned by SVC and the individuals named in Item 2 above. SVC expects
to receive $101.9 million in Merger Consideration for its Common Shares.
Item 5.
Interest in Securities of the Issuer.
(a)-(b) As of the date
hereof, the Reporting Person does not beneficially own any Common Shares. To the Reporting Person’s knowledge, the individuals named
in Item 2 above do not beneficially own any Common Shares.
(c) Except
as disclosed in Items 4 or 6, no transactions have been effected by the Reporting Person or, to the knowledge of the Reporting Person,
any of the individuals named in Item 2 above in the Issuer’s securities in the past sixty days.
(d)
No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale
of, the securities covered by this Schedule 13D.
(e) The
Reporting Person ceased to be the beneficial owner of more than five percent of the Common Shares on May 15, 2023.
CUSIP
No. 89421B 109 |
13D |
Page 3
of 4 Pages |
Item 6.
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
The information contained in
“Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer” contained in the
Schedule 13D is hereby amended to include the following:
Immediately
prior to the Effective Time, each then-outstanding Common Share granted subject to vesting or other lapse restrictions under any
Issuer stock plan vested in full and became free of such restrictions and was converted into the right to receive the Merger
Consideration under the same terms and conditions as applicable to the receipt of the Merger Consideration by holders of Common
Shares generally. Following the Effective Time, and as of the date hereof, the Reporting Persons, and to the Reporting
Persons’ knowledge, the individuals named in Item 2 above, no longer beneficially own any Common Shares.
Also at the Effective Time, the SVC Voting
Agreement and RMR Voting Agreement each terminated in accordance with its terms.
Following consummation of the Merger, the
Common Shares were delisted and ceased trading on the Nasdaq Stock Market. In addition, BP has taken steps to cause the termination of
the registration of the Common Shares under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and suspend
all of the Issuer’s reporting obligations under the Exchange Act as promptly as practicable.
Item 7.
Material to be Filed as Exhibits.
“Item 7. Material to be
Filed as Exhibits” contained in the Schedule 13D is not being amended by this Schedule 13D/A.
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
|
Dated: May 17, 2023 |
|
|
|
SERVICE PROPERTIES TRUST |
|
|
|
/s/ Brian E. Donley |
|
|
(Signature) |
|
|
|
Brian E. Donley, Chief Financial Officer and Treasurer |
|
(Name/Title) |
|
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Attention.
Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
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