Newton REIT Hospitality Properties Trust has completed its previously announced cash tender offer for any and all of the approximately $265 million outstanding principal amount of its 3.8 percent convertible senior notes due 2027.

The tender offer expired Friday at midnight.

Pursuant to the terms of the offer, $139.1 million aggregate principal amount of the notes representing 52.5 percent of the aggregate principal amount of the outstanding notes prior to the offer were accepted for purchase.

HPT expects to make payment of the aggregate consideration of approximately $139.5 million including accrued and unpaid interest on the validly tendered notes tomorrow using cash on hand. After giving effect to the purchase of the tendered notes, approximately $125.6 million aggregate principal amount of the notes will remain outstanding.

BofA Merrill Lynch, BNY Mellon Capital Markets, LLC and Citi acted as dealer managers for the tender offer and D.F. King & Co. Inc. acted as the information agent and depository for the tender offer.